Answer to Question #18860 in Microeconomics for Barbara

Question

The production possibility frontier (PPF) is a graph that shows the combination of output that an economy can possibly produce given availability factor of production and technology. Explain how PPF may be used to demonstrate resource allocation in an economy.

Answer 1

Unfortunately, your question requires a lot of work and cannot be done for free.
Submit it with all requirements as an assignment to our control panel and we'll assist you.