FRONTERA DE POSIBILIDADES DE PRODUCCION

We are going to study one of the first graphical tools used when we enter the exciting world of economics: the Production Possibilities Frontier, also known as the Transformation Curve. And many of you may wonder: why is this precisely the first graphic tool studied? What is the reason?. As we will see below, under the apparent simplicity of this graphical tool, fundamental questions and concepts are introduced in economic reasoning.