Mansfield, England – Dying Economy, a leading online resource hub that provides up-to-date and in-depth information on the UK and US economies, is thrilled to announce the launch of a new resource ...
The production possibility frontier (PPF) is a workhorse of economics principles texts, providing useful insights. However, its assumption of a given amount of labor can confuse students, who know ...
It is well known that the set of feasible net production points is convex if the underlying production functions are of the constant-returns, no-joints-products type and if there are no technological ...