To efficiently use his time, the number of conversations with friends Pete can have is 4.
The Production possibilities curve shows the different ways goods and can be combined so resources are fully utilised. The PPC is concave to the origin.
Points on the curve indicate efficient production. Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources
. Points inside the production possibilities curve means that the nations resources are not being fully utilised.
If Pete wants to write 4 blog entries, trace the 4 on the y-axis to the curve and trace it to the x-axis. Based on this, Pete can have 4 conversations with friends.
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