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In microeconomics, a production–possibility frontier (PPF), production possibility curve (PPC), or production possibility boundary (PPB) is a graphical representation showing all the possible options of output for two goods that can be produced using all factors of production, where the given resources are fully and efficiently utilized per unit time.
Possibility is the condition or fact of being possible. Latin origins of the word hint at ability . Possibility may refer to: Probability, the measure of the likelihood that an event will occur. Epistemic possibility, a topic in philosophy and modal logic. Possibility theory, a mathematical theory for dealing with certain types of uncertainty ...
Probability is the branch of mathematics [dubious – discuss] concerning events and numerical descriptions of how likely they are to occur. The probability of an event is a number between 0 and 1; the larger the probability, the more likely an event is to occur. [ note 1][ 1][ 2] A simple example is the tossing of a fair (unbiased) coin.
Possibility theory is a mathematical theory for dealing with certain types of uncertainty and is an alternative to probability theory. It uses measures of possibility and necessity between 0 and 1, ranging from impossible to possible and unnecessary to necessary, respectively. Professor Lotfi Zadeh first introduced possibility theory in 1978 as ...
"You've Got Possibilities" is an American show tune. It was created by Charles Strouse and Lee Adams for the 1966 Broadway show It's a Bird...It's a Plane...It's Superman and sung by Linda Lavin in the show.
Logical possibility. Logical possibility refers to a logical proposition that cannot be disproved, using the axioms and rules of a given system of logic. The logical possibility of a proposition will depend upon the system of logic being considered, rather than on the violation of any single rule. Some systems of logic restrict inferences from ...
Possibilities is the thirty-ninth studio album by American jazz pianist Herbie Hancock, released on August 30, 2005, by Hear Music and Vector Recordings.
Frankfurt cases. Frankfurt cases (also known as Frankfurt counterexamples or Frankfurt-style cases) were presented by philosopher Harry Frankfurt in 1969 as counterexamples to the principle of alternate possibilities (PAP), which holds that an agent is morally responsible for an action only if that person could have done otherwise.