• In microeconomics, a productionpossibility frontier (PPF), production possibility curve (PPC), or production possibility boundary (PPB) is a graphical...
    25 KB (2,987 words) - 08:26, 27 May 2025
  • Thumbnail for Utility–possibility frontier
    utility–possibility frontier (or utility possibilities curve), is a widely used concept analogous to the better-known productionpossibility frontier. The...
    6 KB (733 words) - 21:47, 29 December 2024
  • international trade can consume. Under autarky this constraint is identical to the productionpossibility frontier.[1][2][3] Utility–possibility frontier v t e...
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  • Thumbnail for Guns versus butter model
    macroeconomics, the guns versus butter model is an example of a simple productionpossibility frontier. It demonstrates the relationship between a nation's investment...
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  • manufacturing) Factors of production Production theory basics Outline of industrial organization Production function Production possibility frontier Manufacturing...
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  • Thumbnail for Pareto front
    Pareto front (redirect from Pareto frontier)
    In multi-objective optimization, the Pareto front (also called Pareto frontier or Pareto curve) is the set of all Pareto efficient solutions. The concept...
    11 KB (1,553 words) - 06:13, 26 May 2025
  • Thumbnail for Cobb–Douglas production function
    Leontief production function Productionpossibility frontier Production theory Cobb, C. W.; Douglas, P. H. (1928). "A Theory of Production" (PDF). American...
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  • Thumbnail for Productive efficiency
    and the same production technology. By improving these processes, an economy or business can extend its production possibility frontier outward, so that...
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  • Pricing strategies Product (business) Production function Production theory basics Production possibility frontier Productive and unproductive labour Productive...
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  • Thumbnail for Production function
    Economic region of production Industrial Revolution Mass production Production Production theory basics Production possibility frontier Productive forces...
    31 KB (4,261 words) - 09:47, 3 April 2025
  • someone better off without making someone else worse off. The productionpossibility frontier (PPF) is an expository figure for representing scarcity, cost...
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  • its meaning elsewhere in economics (see Profit (economics)). Productionpossibility frontier Intermediate Microeconomics, Hal R. Varian 1999, W. W. Norton...
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  • marginal cost of production. In economics, allocative efficiency entails production at the point on the production possibilities frontier that is optimal...
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  • point on the production possibility frontier (PQ in the diagram above). A social utility frontier (also called a grand utility frontier) can be obtained...
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  • Artificial scarcity is scarcity of items despite the technology for production or the sufficient capacity for sharing. The most common causes are monopoly...
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  • and a capital constraint in blue. Suppose production occurs initially on the production possibility frontier (PPF) at point A. Suppose there is an increase...
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  • follow'. Pareto was hampered by not having a concept of the productionpossibility frontier, whose development was due partly to his collaborator Enrico...
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  • welfare function Welfare economics Constrained optimization Production-possibility frontier Jehle & Reny 2011 Jehle, Geoffrey A.; Reny, Philip J. (2011)...
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  • also deduce the ratio of marginal costs as the slope of the productionpossibility frontier, which would give the rate at which society can transform one...
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  • No such thing as a free lunch Parable of the broken window Productionpossibility frontier Reduced cost Time management Time sink Trade-off Transaction...
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  • (company), a financial group founded in the Czech Republic Productionpossibility frontier, a graph on the goods that an economy could efficiently produce...
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  • Economic potential (category Production economics)
    and services.": 174  Productive capacity Potential output Productionpossibility frontier Developing country Potential superpowers "economic potential"...
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  • Constant elasticity of transformation (category Production economics)
    and Fred Gruen in a 1968 publication. It is a new form of production-possibility frontier. Following on that early work, George Philippidis made a detailed...
    962 bytes (102 words) - 05:12, 16 August 2018
  • Thumbnail for Heckscher–Ohlin theorem
    production of the good, and conversely, to a fall in the return to the other factor. Rybczynski theorem – When only one of two factors of production is...
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  • the production possibilities frontier. Trade with another country is then used to vent off this surplus and to bring the production possibilities in the...
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  • rent classical factor rents Paretian factor rents Production possibility frontier what production levels are possible given a set of resources the trade-off...
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  • Thumbnail for Technological revolution
    means, how to respond". World Economic Forum. Retrieved 2017-06-29. The possibilities of billions of people connected by mobile devices, with unprecedented...
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  • economics, technological change is a change in the set of feasible production possibilities. A technological innovation is Hicks neutral, following John Hicks...
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  • from which it follows that Home's cloth consumption at the production possibilities frontier is Q C = L / a L C − ( a L W / a L C ) Q W {\displaystyle...
    44 KB (5,712 words) - 04:22, 19 April 2025
  • Thumbnail for Budget constraint
    ). A production-possibility frontier is a constraint in some ways analogous to a budget constraint, showing limitations on a country's production of multiple...
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