Economy, asked by shafia0, 6 months ago

analyse how a PPC illustrates scarcity, opportunity cost and efficiency?

Answers

Answered by msjayasuriya4

2

Answer:

The Production Possibilities Curve (PPC) is a model that captures scarcity and the opportunity costs of choices when faced with the possibility of producing two goods or services. Points on the interior of the PPC are inefficient, points on the PPC are efficient, and points beyond the PPC are unattainable.

Answered by ishu8424

0

Answer:

yes upper answer is right

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