What is production possibility frontier PPF or transformation curve and how the curve is derived?

Related questions

1. When can PPC be a straight line?
2. What do points on the PPC represent?
3. What is PPF in economics?
4. What is slope of PPC?
5. Why is PPC Convex to origin?
6. What is the difference between PPC and PPF?
7. Is PPC same as PPF?
8. Can an economy operate outside PPC with given resources and technology?
9. What shifts the PPC outward?
10. Can a PPC line be straight?

Tags

1. #concave
2. #production
3. #given
4. #increased
5. #shape
6. #commonly
7. #transformation
8. #opportunity
9. #point
10. #represent
11. #output
12. #possibility
13. #origin
14. #slope
15. #called
16. #increasing
17. #marginal
18. #drawn
19. #frontier