Define ppc in economics and explain why it is downward sloping from left to right
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Heya ...
Production possibility curve ( PPC )
√ It is the curve showing the combination of two goods that can be produced at the given resources without change in technology ...
It is downward sloping because
√ Because to increase the production of good 1 we have to sacrifice the other one..
Thank you
Production possibility curve ( PPC )
√ It is the curve showing the combination of two goods that can be produced at the given resources without change in technology ...
It is downward sloping because
√ Because to increase the production of good 1 we have to sacrifice the other one..
Thank you
Answered by
8
ĀNSWĒR ⏬⏬
⭐The Production Possibilities Curve (PPC)
⭐PPC IN ECONOMICS ▶▶
(PPC) is the possible tradeoff of producing combinations of goods with constant technology and resources per unit time.
⭐It is a downward sloping concave curve. Since the resources are scarce and there is a given level of technology in the short run, in order to have an extra unit of one good, it is necessary to sacrifice some units of other good. ... So PPC slopes downward from left to right.
_______`````# NAVI ♥ # HARYANVI ♠
⭐The Production Possibilities Curve (PPC)
⭐PPC IN ECONOMICS ▶▶
(PPC) is the possible tradeoff of producing combinations of goods with constant technology and resources per unit time.
⭐It is a downward sloping concave curve. Since the resources are scarce and there is a given level of technology in the short run, in order to have an extra unit of one good, it is necessary to sacrifice some units of other good. ... So PPC slopes downward from left to right.
_______`````# NAVI ♥ # HARYANVI ♠
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