Search results
Results from the WOW.Com Content Network
A diagram showing the production possibilities frontier (PPF) curve for "manufacturing" and "agriculture". Point "A" lies below the curve, denoting underutilized production capacity. Points "B", "C", and "D" lie on the curve, denoting efficient utilization of production.
Figure 6: Production possibilities set in the Robinson Crusoe economy with two commodities. The boundary of the production possibilities set is known as the production-possibility frontier (PPF). [9] This curve measures the feasible outputs that Crusoe can produce, with a fixed technological constraint and given amount of resources.
The production-possibility frontier can be constructed from the contract curve in an Edgeworth production box diagram of factor intensity. [12] The example used above (which demonstrates increasing opportunity costs, with a curve concave to the origin) is the most common form of PPF. [13]
The production possibilities frontier (PPF) for guns versus butter. Points like X that are outside the PPF are impossible to achieve. Points such as B, C, and D illustrate the trade-off between guns and butter: at these levels of production, producing more of one requires producing less of the other. Points located along the PPF curve represent ...
CSS image replacement is a Web design technique that uses Cascading Style Sheets to replace text on a Web page with an image containing that text. It is intended to keep the page accessible to users of screen readers, text-only web browsers, or other browsers where support for images or style sheets is either disabled or nonexistent, while allowing the image to differ between styles.
Productive capacity has a lot in common with a production possibility frontier (PPF) that is an answer to the question what the maximum production capacity of a certain economy is which means using as many economy’s resources to make the output as possible. In a standard PPF graph, two types of goods’ quantities are set.
Production Possibility Curve, a graph that shows the different quantities of two goods that an economy could efficiently produce with limited productive resources; Prompt Payment Code, a voluntary code of practice for businesses; Public Power Corporation (Δημόσια Επιχείρηση Ηλεκτρισμού), a Greek electric power company
Point X is unobtainable given the current "budget" constraints on production. A production-possibility frontier is a constraint in some ways analogous to a budget constraint, showing limitations on a country's production of multiple goods based on the limitation of available factors of production .