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What is production possibility curve

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What is production possibility curve
  • 1 answers

Yogita Ingle 4 years, 7 months ago

  • It is a graphical representation of all the possible combinations of two goods that can be produced by optimum (fuller) utilization of available resources and given technology.
  • It gives us the maximum limit of goods & services that could be produced so, it is also known as Production Possibility Boundary or Production Possibility Frontier (PPF).
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