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Question : If "PP" of "PPF" in Microeconomics is "Production Possibility", then "F" stands for:

Option 1: Finance

Option 2: Fund

Option 3: Failure

Option 4: Frontier


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

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 their production. The shape of the PPF depends on whether they are increasing, decreasing or at constant costs.

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