Production–possibility frontier Microeconomics Basic Economic Concepts Production–possibility frontier Questions How does a production possibility curve illustrates the trade off of supply and demand? Explain why production possibility curve is concave? Why is production possibility curve NOT a straight line? Explain how production possibilities curves show efficiency growth and cost? Question #f6b0f Basic Economic Concepts View all chapters Microeconomics vs. Macroeconomics Production–possibility frontier Comparative advantage, absolute advantage, specialization, and trade Economic systems Property rights and the role of incentives Marginal analysis Prev Next