Production Possibility Frontier. The Production Possibilities Frontier. Let’s introduce the Production Possibilities Frontier better known as the PPF. The PPF is a basic workhorse in economics. Important for understanding some basic issues in economics. The PPF.
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The marginal opportunity cost of guns in terms of butter is increasing as we move down the PPF!
The PPF is typically bowed-out or linear.
It is not bowed-in
Least Efficient Producers
Most Efficient Producers
RAM (K chips/day)The International Supply Curve for RAM