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grandymaker [24]
3 years ago
13

what is a graphical representation of the combination of goods and services that can be produced in a situation

Business
2 answers:
Vadim26 [7]3 years ago
7 0

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.

Komok [63]3 years ago
3 0

Answer: Production possibility frontier (PPF).


Explanation: PPF is curve on a graph which depicts the situation which you have asked in a question. For your ease i will upload a picture of that curve so that you can understand the answer better. For better understanding the graph below uses the example of Cotton as a good.

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