The quizlet production possibilities frontier is a straight line, which represents the maximum of two goods that can be produced.
For example, if you are given an amount of time and resources to produce eggs or bread.
Then your production possibilities frontier would be a straight line with one point for each good on it.
The point at which the curve intersects with the x-axis is where it will give up one good in order to produce more of another.
This blog post will give you all the information necessary to understand a production possibilities frontier.
It is important to note that there are three types of curves: convex, concave and straight lines.
You can use the quizlet graph as an example for producing eggs.
Or bread because it is a straight line when quizlet produces two goods.
The curve intersects the x-axis at one point, which represents where we would be giving up one good in order to produce more of another.
For instance, if your input was 20 minutes worth of resources per day.
Then this means that you have 30 points on your PPC (point being either egg or bread).
If you want 150 eggs over time but only 50 loaves of bread