Question
Production Possibilities Frontier (PPF) (also known as the Production Possibilities Curve PPC)is a curve depicting all maximum output possibilities for two goods, using all the
Production Possibilities Frontier (PPF) (also known as the Production Possibilities Curve PPC)is a curve depicting all maximum output possibilities for two goods, using all the resources available (labor, capital and technology, etc.).
Suppose you own a lawn care company and have a team of two workers: one drives the lawn mower and the other runs the weed trimmer. Explain why the company can provide lawn service to more homes in a time period if each worker specializes in what they do best than if each worker tries to do everything from cutting grass to trimming weeds.
Cite your sources please thank you.
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