Author: Sanabil Almubidin | Published on: 31 January, 2019 Page: 25-32
Abstract
A production–possibility frontier (PPF) or production possibility curve (PPC) is a curve which shows various combinations of set of two goods which can be produced with the given resources and technology where the given resources are fully and efficiently utilized per unit time. One good can only be produced by diverting resources from other goods, and so by producing less of them. This tradeoff is usually considered for an economy, but also applies to each individual, household, and economic organization.
Keywords
PPF; Efficiency; Cost; Marginal Rate; Transformation.
Cite this Article
Almubidin, S. (2019), Production Possibility Frontier & its Relation to Other Costs. International Journal of Tax Economics and Management, 2(3), 25-32.
Almubidin, S. (2019) "Production Possibility Frontier & its Relation to Other Costs", International Journal of Tax Economics and Management, 2(3), pp.25-32.
Almubidin, S.. Production Possibility Frontier & its Relation to Other Costs. International Journal of Tax Economics and Management. 2019; 2(3): 25-32.
Appeared
Appeared
Almubidin, S.. Production Possibility Frontier & its Relation to Other Costs. International Journal of Tax Economics and Management. 2019; 2(3): 25-32.
Almubidin, S.. Production Possibility Frontier & its Relation to Other Costs. International Journal of Tax Economics and Management. 2019; 2(3): 25-32.
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Citation Format
AK., A. (2018), Sociologic Factors and Social Structure in Preparation of Tax Acts and The Assessment of Personal Income Tax in Terms Of Suitability to Social Structure. International Journal of Tax Economics and Management, 1(1), 22-36.