Respuesta :
The Production Possibilities Curve is a graphical representation of the combination of goods and services that can be produced in a situation. The Production Possibilities Curve also known as PPC and Production Possibilities Frontier, is used to show all of the different production types that a single economy is able to produce. This model will show over a set time period, what can be produced from different goods and services. When evaluating the different alternatives all technology and resources stay the same during that period.
a graphical representation of the combination of goods and services that can be produced in a situation is the production possibilities curve.
What is the production possibilities curve?
The Production possibility curve is a graph that shows the various combination of two goods that can be produced given the resources of the country or firm.
The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
For more information about the production possibility frontier, please check: https://brainly.com/question/25774783
