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Home/ Questions/Q 187503
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GurdeepS632
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GurdeepS632
Asked: March 26, 20222022-03-26T03:56:13+00:00 2022-03-26T03:56:13+00:00In: Class 12 Economics

Is there anyone who found the answer for the question – What is a production possibility frontier?

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I was making notes for all the terminologies and their definitions from class 12th Macroeconomics. So that I can prepare chapter-wise. This question I found an introduction. That is chapter 1 in macroeconomics. Does anyone found its answer?

12 economics questionsclass 12 macro economicsimportant question economics
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      ImRoopam2004
      2022-03-26T05:09:03+00:00Added an answer on March 26, 2022 at 5:09 am

      A production possibility frontier indicates the maximum limit or frontier of different possible combinations of two goods. That can be produced with available resources and technology.

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      • Raktim059
        2022-03-26T11:38:52+00:00Replied to answer on March 26, 2022 at 11:38 am

        Example – A economy which produce Tea and Sugar. With the best combination allocation of resource. They can produce highest yield. To achieve these level they will try different combination called Production Possibility Frontier.

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