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| 1. |
What is a production possibility frontier? |
| Answer» <html><body><p></p>Solution :Production possibility frontier refers to a graphical <a href="https://interviewquestions.tuteehub.com/tag/representation-1185381" style="font-weight:bold;" target="_blank" title="Click to know more about REPRESENTATION">REPRESENTATION</a> of all the possible combinations of two <a href="https://interviewquestions.tuteehub.com/tag/goods-1009877" style="font-weight:bold;" target="_blank" title="Click to know more about GOODS">GOODS</a> that can be produced with the <a href="https://interviewquestions.tuteehub.com/tag/given-473447" style="font-weight:bold;" target="_blank" title="Click to know more about GIVEN">GIVEN</a> <a href="https://interviewquestions.tuteehub.com/tag/resources-11387" style="font-weight:bold;" target="_blank" title="Click to know more about RESOURCES">RESOURCES</a> and technology.</body></html> | |