Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

The PPF helps us understand scarcity and opportunity costs. Wow!

Concept: Understanding the PPF


Example: PPF - Attainable and Efficient


Problem: A point inside the production possibilities frontier is


Problem: The economy of Clutchtopia can be summarized as seen on the PPF below. Consider the production mixes denoted alongside the graph. Mark the levels of production as Attainable (A) or Unattainable (U). If production is attainable, mark the level of production as Efficient (E) or Inefficient (I).