Question

Define production possibility curve and its properties

Answer 1

_______ℍℰℽ ℳᗅᝨℰ_________



PPC(production possibility curve )is a curve showing different possibility combination of two goods which can be produced with the available resources .


PROPERTIES ⤵️⤵️⤵️⤵️

⚫It slopes downward from left to right .

⚫It is concave to the point of origin .



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Answer 2

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$\huge\boxed{Answer}$_________✌✌

➡️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