Production–possibility frontier
In microeconomics, a production–possibility frontier (PPF), production-possibility curve (PPC), or production-possibility boundary (PPB) is a graphical representation showing all the possible quantities of outputs that can be produced using all factors of production, where the given resources are fully and efficiently utilized per unit time.
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graphical representation of opportunity cost
The PPF curve illustrates the maximum possible output combinations of two goods, where the slope of the curve represents the opportunity cost of producing one good in terms of the other.