The figure depicts a shift in a society's production possibilities frontier (PPF) for the manufacture of trains and planes: train-manufacturing capacity expands while plane-manufacturing capacity shrinks. Refer to this figure to answer the following questions.
-Which point ceases to represent a production possibility?
Definitions:
P-Chart
A quality control chart that is used to control attributes.
Process Sampling
The technique of selecting a sample of elements from a process for analysis, to determine the quality or performance of the process.
Acceptance Sampling
A statistical quality control method used to determine whether to accept or reject a batch of products based on a sample of items from the batch.
Process Capability Index
A statistical measure of a process's ability to produce output within specified limits.
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