Question

nework( CUZ) ppose South Africa produces only two goods: alfalfa and smartphones. The following graph shows South Africa's current production possibilities entier, along with six output combinations represented by black points (plus symbols) labeled A to F. SMARTPHONES (Mons) ALFALFA (Millions of bushels) Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient or unattainable. Check all that apply.

Answer 1

PRODUCTION POSSIBILITY FRONTIER (PPF )

PPF is a curve that shows various combinations that an economy can produce with a given level resources and given level of income when they are fully and efficiently utilized.

In business analysis , the ppf is a curve illustrating the different possible amounts that two separate goods may be producing when there is a fixed availability of certain resource that both items requires for their manufacture.