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  2. Production–possibility frontier - Wikipedia

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

    The production-possibility frontier can be constructed from the contract curve in an Edgeworth production box diagram of factor intensity. [12] The example used above (which demonstrates increasing opportunity costs, with a curve concave to the origin) is the most common form of PPF. [ 13 ]

  3. Guns versus butter model - Wikipedia

    en.wikipedia.org/wiki/Guns_versus_butter_model

    A, however, is inside of the PPF and represents a combination of output that is not utilizing all available resources. In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. It demonstrates the relationship between a nation's investment in defense and civilian goods.

  4. Offer curve - Wikipedia

    en.wikipedia.org/wiki/Offer_curve

    The offer curve is derived from the country's PPF. We describe a Country named K which enjoys both goods Y and X. It is slightly better at producing good X, but wants to consume both goods. It wants to consume at point C or higher (above the PPF). Country K starts in Autarky at point C. At point C, country K can produce (and consume) 3 Y for 5 X.

  5. Robinson Crusoe economy - Wikipedia

    en.wikipedia.org/wiki/Robinson_Crusoe_economy

    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. In this case, the resources and technological constraints are Robinson Crusoe's labour. [1]

  6. File:Production Possibilities Frontier Curve.svg - Wikipedia

    en.wikipedia.org/wiki/File:Production...

    A diagram showing the production possibilities frontier (PPF) curve for "manufacturing" and "agriculture". Point "A" lies below the curve, denoting underutilized production capacity. Points "B", "C", and "D" lie on the curve, denoting efficient utilization of production.

  7. Yankees decline 2025 option on Anthony Rizzo, Gerrit Cole ...

    www.aol.com/sports/yankees-decline-2025-option...

    The Yankees can void the opt-out by adding one year and $36 million to the four years and $144 million that Cole had remaining on his deal. — Kiley McDaniel (@kileymcd) November 2, 2024.

  8. Diminishing returns - Wikipedia

    en.wikipedia.org/wiki/Diminishing_returns

    An example would be a factory increasing its saleable product, but also increasing its CO 2 production, for the same input increase. [2] The law of diminishing returns is a fundamental principle of both micro and macro economics and it plays a central role in production theory .

  9. 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.