Introduction to Economics 1 Deneme Sınavı Sorusu #1081619

Which of the following helps us to understand the combinations of output that a society can possibly produce using the available production technology and the given amount of inputs?


Demand function

Production possibility frontier

Supply function

Inverse demand function

Inverse supply funciton


Yanıt Açıklaması:

The production possibilities frontier or PPF, as it is shortly called, is a graph that shows various combinations of output that the firm/a society can produce with the available workforce and other inputs by using the available production technology. The answer is B.

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