production-possibility curve

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• Production–possibility frontier — In economics, a production–possibility frontier (PPF), sometimes called a production–possibility curve or product transformation curve, is a graph that compares the production rates of two commodities that use the same fixed total of the factors… …   Wikipedia

• Production-possibility frontier — In economics, a production possibility frontier (PPF) or “transformation curve” is a graph that shows the different rates of production of two goods that an economy (or agent) could efficiently produce with limited productive resources. Points… …   Wikipedia

• Production Possibility Frontier - PPF — A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, labor, etc.). The PPF assumes that all inputs are used efficiently. As indicated on the chart above, points A, B and C represent the points …   Investment dictionary

• Production function — Graph of Total, Average, and Marginal Product In microeconomics and macroeconomics, a production function is a function that specifies the output of a firm, an industry, or an entire economy for all combinations of inputs. This function is an… …   Wikipedia

• Guns And Butter Curve — The classic economic example of the production possibility curve, which demonstrates the idea of opportunity cost. In a theoretical economy with only two goods, a choice must be made between how much of each good to produce. As an economy… …   Investment dictionary

• production, theory of — ▪ economics Introduction       in economics, an effort to explain the principles by which a business firm decides how much of each commodity that it sells (its “outputs” or “products”) it will produce, and how much of each kind of labour, raw… …   Universalium

• List of production topics — Production Contents 1 Overview 2 History 3 General concepts 3.1 Manufacturing and manufacturing systems …   Wikipedia

• Utility-possibility frontier — The Utility possibility frontier is a concept widely used in Welfare Economics, and analogous to the better known Production possibility frontier. It is a similar diagram which depicts not production of two goods, but rather the utility… …   Wikipedia

• Cobb–Douglas production function — A two input Cobb–Douglas production function In economics, the Cobb–Douglas f form of production functions is widely used to represent the relationship of an output to inputs. Similar functions were originally used by Knut Wicksell (1851–1926),… …   Wikipedia

• NATREX — The NATREX stands for NATural Real EXchange rate. It attempts to give a fair value for a currency. It is part of the family of long run equilibrium exchange rate theories (FEER, BEER, and NATREX). Notably the The approach offers an alternative… …   Wikipedia

• PPC — is an initialism that can refer to: Biology Physiology * Posterior parietal cortex, an association area involved in the integration of sensory information from multiple modalities Chemistry * 4 phenyl 4 (1 piperidinyl)cyclohexanol, an organic… …   Wikipedia