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Supply and Demand: Production Possibilities Frontier
College-Cram.com:: Economics:: Supply and Demand:: Production Possibilities FrontierThis page is Sponsored by:
Description: The production possibilities frontier is a graph representing the possible output combinations of two products in the current market of technology and resources, creating a choice of tradeoffs in the marketplace. Learn more about the production possibilities frontier with this interactive tutorial.
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Click one of these Keywords for more resources on the topic: Combinations of Output, Demand, Economics, Output, Production, production possibilities curve, Production Possibilities Frontier, production possibility, Quantity, Supply, Supply and Demand, Supply and Demand: Production Possibilities Frontier
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2 Presentation Comments
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How do you calculate the constraint? For example, I understand that by prodcuing one more comic book, the opportunity cost is 7.5 coloring book. But how do you calculate the constraint?
Would it be .75Y + X is less than or greater than 120? Please let me know.