Question

Cwhat do u mean by ppc give properties and assumptions

Answer 1

Hello!!!!!!!

Here is the answer of your question:-----

DEFINE OF PPC...... PPC is the curve showing different combinations of two goods that can be produce at the given resources.......

PROPERTIES OF PPC...... there are two properties of PPC-----
1 PPC is convex to the origin ..... as PPC shows the marginal opportunity cost and it's tends to rise in PPC so PPC is convex to origin.....
2 PPC slopes downwards..... if we produce a good then we have to sacrifice the other one so it is downward sloping......

ASSUMPTIONS OF PPC.......
1 Resources are given
2 Resources are fully and efficiently used
3 Technology remains constant....

I hope it may works ....