Correct Answer: Frontier

Solution : The correct answer is Frontier.

In Microeconomics, PPF stands for Production Possibility Frontier. The PPF is a curve in business analysis that shows the variations in the quantities that can be generated from two goods if both depend upon the same finite resources for

Hello,

A country has an absolute advantage if it is able to produce a good using fewer inputs than another producer, while a country has a comparative advantage if it can produce good at a lower opportunity cost of another producer.
For example, suppose Saudi Arabia and the United States

Dear Aspirant

The NRTI Undergraduate Admission Entrance Test is a gateway for admissions to two UG courses - BBA in Transportation Management and BSc. in Transportation Technology. NRTI PG Entrance Test is conducted for admission to programmes such as M.Sc in Transport Economics, M.Sc in Railway System Engineering and Integration,

Hello Aspirant,

You can refer to any of these books for your study:

• Microeconomics by Pearson Education
• Introductory Microeconomics by VK Global Publications Pvt Ltd
• Mankiw’s Principles of Economics
• Microeconomics: Principles, Problems, & Policies by McGraw-Hill
• Intermediate Micro economics: Modern approach by Hal. R. Varian.

Hope this is helpful.. Good