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Production Possibility Frontier & its Relation to Other Costs


International Journal of Tax Economics and Management



Production Possibility Frontier & its Relation to Other Costs

  • Volume- 2, Number- 1

Author: Sanabil Almubidin | Published on: 31 January, 2019   Page: 25-32

   4258 Views   6 Downloads

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.

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Almubidin, S. (2019), Production Possibility Frontier & its Relation to Other Costs. International Journal of Tax Economics and Management, 2(3), 25-32.

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    Almubidin, S. (2019) "Production Possibility Frontier & its Relation to Other Costs", International Journal of Tax Economics and Management, 2(3), pp.25-32.

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    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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    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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    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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    • Reference

    1. Nicholson, Walter (2005). Microeconomic Theory: Basic Principles and Extensions. Thomson/South-western. pp. 339–345. ISBN 0-324-27086-0.

    2. Samuelson, Paul A. (1967). "Summary on Factor-Price Equalization". International Economic Review. International Economic Review, Vol. 8, No. 3. 8 (3): 286–295. Doi: 10.2307/2525536. JSTOR 2525536.

    3. Samuelson, Paul A. (1962). "The Gains from International Trade Once Again". Economic Journal. The Economic Journal, Vol. 72, No. 288. 72 (288): 820–829. Doi: 10.2307/2228353. JSTOR 2228353.

    4. Samuelson, Paul A. (1971). "Ohlin Was Right". Swedish Journal of Economics. 73 (4): 365–384. Doi: 10.2307/3439219. JSTOR 3439219.

    5. Samuelson, Paul A. (1947, Enlarged ed. 1983). Foundations of Economic Analysis. Ch. VIII for welfare-theoretical mathematical expression of PPF.

    6. Bator, Francis M. (1957). "The Simple Analytics of Welfare Maximization". American Economic Review. 47 (1): pp. 22–59.

    7. Martin, John P. (1976). "Variable Factor Supplies and the Heckscher-Ohlin-Samuelson Model". Economic Journal. The Economic Journal, Vol. 86, No. 344. 86 (344): 820–83. Doi: 10.2307/2231455. JSTOR 2231455.

    [This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).]

    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.

    DOI

    10.35935/tax/21.3225

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    Author Details

    Sanabil Almubidin
    Department of Financial Economics
    Hashemite University
    almubidins@yahoo.com