1. In business analysis, theproduction possibility frontier(PPF) is a curve illustrating the varying amounts of two products that can be produced when both depend on the same finite endowment of resources by one country. The PPF demonstrates that the production of one commodity may increase only if the production of the other commodity decreases in economy.

By using the Production Possibilities Frontier Curve (PPF), explain the concepts of:

i. Inefficient allocation of resources

ii. Efficient allocation of resources

iii. Unattainable point. (

iv. Scarcity ofresources.