Several combination of commodities x and y that the economy can produce by fully utilizing all of the fixed amounts of labour and capital with the best technology available is depicted by I. production possibility frontier II. transformation curve III. production possibility curve

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The terms "production possibility frontier," "transformation curve," and "production possibility curve" all refer to the same concept in economics, which is a graphical representation of the maximum output combinations of two goods that an economy can achieve using its available resources and technology efficiently.

Several Combination of Commodities X and Y That the Economy