Microeconomics

Learn the toughest concepts covered in Microeconomics with step-by-step video tutorials and practice problems by world-class tutors

Introductory Economic Models

Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

Next Topic

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

1

concept

Understanding the PPF

clock
6m
Play a video:
Was this helpful ?
3
2

example

PPF - Attainable and Efficient

clock
4m
Play a video:
Was this helpful ?
2
3
Problem

A point inside the production possibilities frontier is

4
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).