Production possibilities curve (PPC), sometimes called the production possibilities frontier (PPF)
10:59
Khan AcademySal Khan
Production possibilities curve (PPC), sometimes called the production possibilities frontier (PPF)
The production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology. Sometimes called the production possibilities frontier (PPF), the PPC illustrates scarcity and tradeoffs. We can model tradeoffs and scarcity using the example of a hunter ...
Dec 30, 2011
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