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In microeconomics, a production–possibility frontier (PPF), production possibility curve (PPC), or production possibility boundary (PPB) is a graphical representation showing all the possible options of output for two that can be produced using all factors of production, where the given resources are fully and efficiently utilized per unit time.
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.
The statement that event-driven process chains are ordered graphs is also found in other directed graphs for which no explicit node ordering is provided. No restrictions actually appear to exist on the possible structure of EPCs, but nontrivial structures involving parallelism have ill-defined execution semantics; in this respect they resemble ...
PPC Ltd., a South African cement producer; PPC worldwide, a U.S.-based manufacturer of connector technology for the telecommunications, broadcast and wireless industries; Partially premixed combustion, a modern combustion process intended to be used in internal combustion engines; Powered parachute or paraplane, a type of aircraft
The functioning of the productive capacity graph is the same as for the above-mentioned PPF graph. The only possible outputs are those that lie under and on the PPF line. If an economy suffers from an under-production, thus an output point can be located under the productive potential, the economy loses its maximum potential output and spare ...
Wikimedia SVG Chart is a graph generator using the templates functionality of Wikimedia Commons. This template generates line and point charts in a structured and readable svg format. The original values are provided unmodified for the SVG file.
In the case of two goods and two individuals, the contract curve can be found as follows. Here refers to the final amount of good 2 allocated to person 1, etc., and refer to the final levels of utility experienced by person 1 and person 2 respectively, refers to the level of utility that person 2 would receive from the initial allocation without trading at all, and and refer to the fixed total ...
The duck curve is a graph of power production over the course of a day that shows the timing imbalance between peak demand and solar power generation. The graph resembles a sitting duck, and thus the term was created. [2] Used in utility-scale electricity generation, the term was coined in 2012 by the California Independent System Operator. [3] [4]