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picture1_Economic Growth Pdf 126212 | Production Possibilities Frontier


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File: Economic Growth Pdf 126212 | Production Possibilities Frontier
production possibilities frontier production production possibilities frontier ppf shows the maximum attainable combinations of two products that may be produced if we use our resources efficiently sometimes economists call this ...

icon picture PDF Filetype PDF | Posted on 12 Oct 2022 | 3 years ago

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Partial capture of text on file. 
   Production Possibilities Frontier
   Production
   Production possibilities frontier (PPF) 
    shows the maximum attainable 
    combinations of two products that may be 
    produced if we use our resources 
    efficiently.
   Sometimes economists call this Production 
    Possibilities Curve (PPC).
   PPF or PPC, we mean the very same thing by 
    them.
       Production Possibilities Frontier
          200    A
         hnt
         moer 
         pis 100        C
         skof 
         s air
         P                     B
                      50     100 Snowboards per month
   Production Possibilities Frontier
   PPFs can be used to demonstrate:
     a) opportunity costs (trade-offs). 
     b) efficient production.
     c) economic growth.
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...Production possibilities frontier ppf shows the maximum attainable combinations of two products that may be produced if we use our resources efficiently sometimes economists call this curve ppc or mean very same thing by them a hnt moer pis c skof s air p b snowboards per month ppfs can used to demonstrate opportunity costs trade offs efficient economic growth...

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Category: Uncategorized / Uncategorized
Posted on: 12 Oct 2022 | 3 years ago
Tag: download pdf, production, possibilities, frontier,
Filetype: PDF
File size: 0.65 MB
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