The production possibilities frontier is the boundary between the combinations of goods and services that __ given the available factors of production and the .state of technology we want to produce and what we want to consume can be produced and the prices paid for those we want to produce but cannot consume can be produced and the combinations that cannot be produced

Name: the production possibilities frontier is the boundary between the combinations of goods services that __ given the available
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Question

The production possibilities frontier is the boundary between the combinations of goods and services that __ given the available factors of production and the .state of technology we want to produce and what we want to consume can be produced and the prices paid for those we want to produce but cannot consume can be produced and the combinations that cannot be produced

Answer 1

The production possibilities frontier (PPF) is the boundary between the combinations of goods and services that can be produced given the available factors of production and the state of technology. It represents the maximum output that an economy can produce with its available resources and technology, given the constraints of scarcity and efficiency. The PPF helps illustrate the trade-offs and opportunity costs associated with allocating resources to different goods and services.

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