Khan Academy
Khan Academy: The Production Possibilities Frontier
The Production Possibilities Frontier (PPF) is a graph that shows all the different combinations of output of two goods that can be produced using available resources and technology. The PPF captures the concepts of scarcity, choice, and...
Khan Academy
Khan Academy: Lesson Summary: The Production Possibilities Frontier
Production Possibilities Curve (PPC) also called a Production Possibilities Frontier)is a graphical model that represents all of the different combinations of two goods that can be produced; the PPC captures scarcity of resources and...
Khan Academy
Khan Academy: Interpreting Graphs of the Production Possibilities Curve (Ppc)
Practice what you have learned about the production possibilities curve (PPC) in this four-question exercise.
Khan Academy
Khan Academy: Opportunity Cost and the Ppc
Practice what you've learned about opportunity cost and the PPC model in this four-question exercise. Topics include how to interpret the PPC, how the PPC shows opportunity costs, and how to represent efficiency and inefficiency using...