a coplanar
Points outside the frontier are unattainable because they represent combinations of resources or outputs that exceed the current capacity or efficiency of an economy or production system. The frontier itself, often depicted as a production possibilities frontier (PPF), illustrates the maximum feasible output combinations given existing resources and technology. Any point beyond this boundary indicates a level of production that cannot be achieved without improvements in resources, technology, or efficiency. In essence, these unattainable points highlight the limits of current capabilities.
the point is represent location , it has no dimension and it is named using capital letter\s .
pound per foot
Then the point is not outside the polygon...?
it represents the boundary between the goods that are attainable and unattainable within an economy. Inside and along the ppf means that goods are attainable and outside the ppf menas the goods are unattainable and it thereby shows scarcity
Outside it's PPF.
A PPF is the locus of points such that all the economy's resources are used to its fullest potential. A PPF is concave to the origin because of the increasing opportunity cost to produce an additional unit of x (on the horizontal axes). A point inside the PPF is attainable because (1) there may be no full employment or (2) inspite of full employment they are used to less potential. On the contrary a point outside the PPF is not attainable because the PPF itself is the locus of the maximum attainable output given resources, the PPF may however expand due to increase in resources or their efficiency.
Reaching the PPF, Deciding which point on the PPF, How and how much to distribute to consumers
Points outside the Production Possibility Frontier (PPF) indicate combinations of goods that are unattainable given the current resources and technology. These points represent levels of production that cannot be achieved without an increase in resources, improvements in technology, or economic growth. Essentially, they illustrate inefficiencies in resource allocation or unattainable production capabilities.
The attainable region in a production possibilities frontier (PPF) represents all the combinations of goods or services that can be produced using available resources and technology. The unattainable region represents combinations that cannot be produced given current constraints. Any point inside the PPF is efficient, while points outside the PPF are unattainable without increasing available resources or improving technology.
Operating at an inefficient point, i.e. inside the PPF and not on the edge or line of the PPF
Production efficiency refers to the optimal use of resources to produce goods and services, represented by a point on the Production Possibility Frontier (PPF). The PPF illustrates the maximum possible output combinations of two goods that can be produced with available resources and technology. Points on the curve indicate efficient production, where resources are fully utilized, while points inside the curve indicate inefficiency, and points outside are unattainable given current resources. Thus, production efficiency is achieved when the economy operates along the PPF.
a coplanar
The Production Possibility Frontier (PPF) illustrates several key economic concepts, including opportunity cost, efficiency, and trade-offs. It shows the maximum possible production levels of two goods, highlighting how resources must be allocated between them. Points on the curve represent efficient production, while points inside indicate inefficiency, and points outside are unattainable with current resources. The slope of the PPF reflects the opportunity cost of shifting resources from one good to another.
why PPF in economics is negatively sloped
PPF - company - was created in 1991.