michaelcarroll8612 michaelcarroll8612
  • 18-01-2022
  • Arts
contestada

Difference betwn budget constraint and production possibilities frontier

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kjduron14 kjduron14
  • 18-01-2022

Answer:

A budget constraint model shows the purchase choices that an individual or society can make given a specific budget and specific purchase prices. The production possibilities frontier shows the possible combinations of two products or services that could potentially be produced by a society.

Explanation:

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