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Answer to Question #312870 in Microeconomics for Thabo

Question #312870

What does a production frontier shows?


1
Expert's answer
2022-03-17T14:14:16-0400

The Production Possibilities Frontier (PPF) is a graph that depicts all of the possible output combinations of two items utilizing existing resources and technology. Scarcity, choice, and tradeoffs are all captured in the PPF.


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