![Using the Edgeworth Box diagram, explain what the concept of production possibility represents in terms of the two factors of production - capital and labor. | Homework.Study.com Using the Edgeworth Box diagram, explain what the concept of production possibility represents in terms of the two factors of production - capital and labor. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/img_43075676653563723904.jpg)
Using the Edgeworth Box diagram, explain what the concept of production possibility represents in terms of the two factors of production - capital and labor. | Homework.Study.com
![Using the Edgeworth Box diagram, explain what the concept of production possibility represents in terms of the two factors of production - capital and labor. | Homework.Study.com Using the Edgeworth Box diagram, explain what the concept of production possibility represents in terms of the two factors of production - capital and labor. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/img_2923485490148762326.jpg)
Using the Edgeworth Box diagram, explain what the concept of production possibility represents in terms of the two factors of production - capital and labor. | Homework.Study.com
![Draw an Edgeworth box diagram (with L on the horizontal axis and K on the vertical axis), which depicts the factor allocation to the two sectors (A and M) of the economy, Draw an Edgeworth box diagram (with L on the horizontal axis and K on the vertical axis), which depicts the factor allocation to the two sectors (A and M) of the economy,](https://homework.study.com/cimages/multimages/16/edge12922830299534671839.jpg)