define ppc and explain its properties..................... (3) marker
Answers
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☛PPC is an online advertising model in which advertisers pay each time a user clicks on one of their online ads.
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☛The two main characteristics of PPC are: Slopes downwards to the right: PPC slopes downwards from left to right. It is because in a situation of fuller utilisation of the given resources, production of both the goods cannot be increased simultaneously.
define ppc and explain its properties.....................
The curve which shows the combinations of two goods and services that can be produced with fuller utilisation of a given amount of resources in the most efficient way and with a given production technology is called Production Possibility Curve.
Efficiency - Economy is operating in full employment and full production.
2. Two Goods – For simplicity, analysis is possible only if we consider a two product model.
3. Fixed Resources - Quantity of factors of production are fixed and can be used or transferred for other uses.
4. Fixed Technology – Technology is assumed fixed and constant.