A One Diagram Heuristic Derivation of the Production Possibility Curve

Abstract

In traditional methods, “isoquants” or the “marginal product curves” have been used as “inputs” to produce the “production possibility curve” (PPC) as “output”. But this paper has been designed to devise a non-traditional method by which instead of “isoquants” or “marginal product curves”, the “total product curves” of the single variable factor of production as “inputs” can be transformed into the “production possibility curve” as “output” without resort to the framework of Edgeworth Box Diagram. The new method is not only the departure from the established methods but also the easiest method for the derivation of production possibility curve.