The production possibility frontier (PPF) shows, for each output of one good, ________________ of the other good that can be produced.
A) the maximum amount.
B) the minimum amount.
C) the residual amount.
D) the average amount.
E) None of the.

Question

Quizplus · Accepted Answer

The production possibility frontier (PPF) illustrates the maximum amount of one good that can be produced for each possible level of production of another good, given the available resources and technology.

The Production Possibility Frontier (PPF) Shows, for Each Output of One