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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.
This image is a derivative work of the following images: File:Production_Possibilities_Frontier_Curve.svg licensed with Cc-by-sa-2.5,2.0,1.0, Cc-by-sa-3.0-migrated, GFDL 2010-01-06T12:19:35Z Jarry1250 470x475 (13608 Bytes) Crop title off so can be used in more places
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]
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 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 ...
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.
In microeconomic theory, productive efficiency (or production efficiency) is a situation in which the economy or an economic system (e.g., bank, hospital, industry, country) operating within the constraints of current industrial technology cannot increase production of one good without sacrificing production of another good. [1]
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