Give graphical representation of production possibility curve.


Give graphical representation of production possibility curve.


Efficiency in economics is the point at which a firm or country cannot produce more of a specific good/service without producing fewer units of another good/service. The production efficiency can be represented by the production possibilities curve (also known as production possibilities frontier).

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You can find below the graphical representation of the production possibilities curve.

The production possibilities curve shows the alternatives...

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Production Possibilities Curve: Definition & Examples


Chapter 11 / Lesson 28

Understand what the production possibilities curve is, and learn how to construct and interpret a production possibilities curve along with the example.

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