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 and services that __ given the available
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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 combinations of goods and services that can be the available factors of production and the state of technology. It represents the maximum possible output of two goods or services that an economy can produce, given its resources and technology, when all resources are fully and efficiently utilized. The PPF helps illustrate the trade-offs and opportunity costs associated with allocating resources to different goods and services.

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