con two PPF intersect each other class 11 economic
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Answered by
9
Answer:
Yes, it is possible for two Production Possibility Curves to intersect each other. ... If the technology used in production of good A is in appreciation mode and that of good B is in depreciation mode, then the production possibility curves of the two will meet at the point of intersection.
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Answered by
5
Answer:
Yes, two Production Possibility Curves can cross each other. ... Therefore, a simultaneous change in the technologies of Good X and Y causes the final PPC to intersect the origin PPC at point E.
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