what is a graphical representation of the combination of goods and services that can be produced in a…
what is a graphical representation of the combination of goods and services that can be produced in a situation?
Answer
Brief Explanations:
In economics, the production - possibilities frontier (PPF) is a graphical representation of the combinations of goods and services that can be produced in a situation given the available resources and technology. It shows the trade - offs between producing different goods.
Answer:
Production - possibilities frontier (PPF)