Summary
Summary Production Possibility Frontier Concept
- Course
- ECS2602 - Macroeconomics
- Institution
- University Of South Africa (Unisa)
- What is the Production Possibility Frontier? - How to determine the PPOF? - Uses and Applications - Drawbacks of the PPOF Takeaway: The PPOF is a production function that determines the maximum physical output that can be achieved given all other inputs. The PPOF can be applied in many differ...
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