What does a production possibilities frontier for widgets and gadgets identify?

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asked Jun 15, 2024 145k views

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Tenderloin · Answer 1 · 2024-06-20T01:59:29+0000

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Given their productive resources, there are different combinations of widgets and gadgets they could produce. A PPF graph displays the different production options that are possible—or even impossible—for an economy.

What does a production possibilities frontier for widgets and gadgets identify?

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