what is production possibilty curve?

Answer 1

In economics, the production possibility frontier (the PPF, also called the production possibilities curve (PPC) or the “transformation curve”) is a graph that depicts the trade-off between any two items produced. It indicates the opportunity cost of increasing one item's production in terms of the units of the other forgone. An additional trade-off exists between the reward (i.e. sales) of the produced good and the opportunity cost of that good. .

Answer 2

In economics, production possibilities curve (PPC) or the “transformation curve” is a graph that depicts the trade-off between any two items produced. It indicates the opportunity cost of increasing one item's production in terms of the units of the other forgone. An additional trade-off exists between the reward (i.e. sales) of the produced good and the opportunity cost of that good. A choice is non-improvable if the direct reward is higher than the opportunity cost. There is equilibrium between these two. The rules can be changed by changing the rewards however, which can lead to a Nash equilibrium.


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>> http://en.wikipedia.org/wiki/Production_possibilities_frontier

Answer 3

you take the number of employees and the total of the production of each employee, times the number of hours they work and keep these figure to analyze the variables of the whole thing to get an estimate of daily production and then the curve is that times the days in a mouth and the data of the rise and fall of the routines that are disruption and analyze what you got for each month and the differences that are conceivably the same will give you information per hour or per day against such things are sick people days off vacations injuries all play a part in costing out the production curve on data(paperwork)