Production Possibility Frontier

Transformation Curve
An economic concept illustrating the trade-offs between two goods or services that a production economy can achieve.
Efficiency Frontier
Exploring the Efficiency Frontier and its significance in economics, closely related to the Production Possibility Frontier.
Marginal Rate of Transformation
An exploration of the concept of the marginal rate of transformation in economics which signifies the amount by which one output can be increased if another is reduced, holding total inputs constant.