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  2. Production–possibility frontier - Wikipedia

    en.wikipedia.org/wiki/Production–possibility...

    In microeconomics, a production–possibility frontier (PPF), production possibility curve (PPC), or production possibility boundary (PPB) is a graphical representation showing all the possible options of output for two that can be produced using all factors of production, where the given resources are fully and efficiently utilized per unit time.

  3. Robinson Crusoe economy - Wikipedia

    en.wikipedia.org/wiki/Robinson_Crusoe_economy

    Figure 6: Production possibilities set in the Robinson Crusoe economy with two commodities. The boundary of the production possibilities set is known as the production-possibility frontier (PPF). [9] This curve measures the feasible outputs that Crusoe can produce, with a fixed technological constraint and given amount of resources.

  4. Productive capacity - Wikipedia

    en.wikipedia.org/wiki/Productive_capacity

    Productive capacity has a lot in common with a production possibility frontier (PPF) that is an answer to the question what the maximum production capacity of a certain economy is which means using as many economy’s resources to make the output as possible. In a standard PPF graph, two types of goods’ quantities are set.

  5. Guns versus butter model - Wikipedia

    en.wikipedia.org/wiki/Guns_versus_butter_model

    The production possibilities frontier (PPF) for guns versus butter. Points like X that are outside the PPF are impossible to achieve. Points such as B, C, and D illustrate the trade-off between guns and butter: at these levels of production, producing more of one requires producing less of the other. Points located along the PPF curve represent ...

  6. Economics - Wikipedia

    en.wikipedia.org/wiki/Economics

    The production–possibility frontier (PPF) is an expository figure for representing scarcity, cost, and efficiency. In the simplest case, an economy can produce just two goods (say "guns" and "butter"). The PPF is a table or graph (as at the right) that shows the different quantity combinations of the two goods producible with a given ...

  7. Pareto efficiency - Wikipedia

    en.wikipedia.org/wiki/Pareto_efficiency

    On a frontier of production possibilities, Pareto efficiency will happen. It is impossible to raise the output of products without decreasing the output of services when an economy is functioning on a basic production potential frontier, such as at point A, B, or C.

  8. Efficient Frontier: Definition, Benefits, and Uses - AOL

    www.aol.com/news/efficient-frontier-definition...

    The efficient frontier is a set of investment portfolios that maximizes returns while minimizing risk. … Continue reading ->The post Efficient Frontier: Definition, Benefits, and Uses appeared ...

  9. Productive efficiency - Wikipedia

    en.wikipedia.org/wiki/Productive_efficiency

    An example PPF: points B, C and D are all productively efficient, but an economy at A would not be, because D involves more production of both goods. Point X cannot be achieved. Productive efficiency occurs under competitive equilibrium at the minimum of average total cost for each good, such as the one shown here.