It may also be called an iso-product curve. The isoquant is known, alternatively, as an equal product curve or a production indifference curve. Essentially, the curve represents a consistent amount of output. The term "isoquant," broken down in Latin, means “equal quantity,” with “iso” meaning equal and “quant” meaning quantity. In microeconomics, a productionpossibility frontier ( PPF ), production possibility curve ( PPC ), or production possibility boundary ( PPB) is a graphical representation showing all the possible options of output for two goods that can be produced using all factors of production, where the given resources are fully and efficiently utilized per. If the PPF is a straight line, it implies that the slope is constant. Advertisement Yes, PPF can be straight line., this happens when opportunity cost is constant. Each curve has a different shape, which represents different opportunity costs. PPC stand for Production Possibility Curve. About Transcript We explore three different production possibility curves for the rabbits and berries example. If both the commodities are constant, then the MRT will be also constant.
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