assumption of production possibility curve
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The four key assumptions underlyingproduction possibilities analysis are: (1) resources are used to produce one or both of only two goods, (2) thequantities of the resources do notchange, (3) technology and production techniques do not change, and (4) resources are used in a technically efficient way.
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The four key assumptions underlyingproduction possibilities analysis are: (1) resources are used to produce one or both of only two goods, (2) thequantities of the resources do notchange, (3) technology and production techniques do not change, and (4) resources are used in a technically efficient way.
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