Question

discuss the characteristics of ppf​

Answer 1

Explanation:

Characteristics of PPF:

The two basic characteristics or features of PPF are:

1. PPF slopes downwards:

PPF shows all the maximum possible combination of two goods, which can be produced with the available resources and technology. In such a case, more of one good can be produced only by taking resources away from the production of another good. As there exists an inverse relationship between changes in quantity of one commodity and change in quantity of the other commodity, PPF slopes downwards from left to right. fees

2. PPF is Concave Shaped:

PPF is concave shaped because of increasing marginal opportunity costs, i.e. more and more units of one commodity are sacrificed to gain an additional unit of another commodity.

In the given example, units of guns sacrificed keep on increasing each time to increase production of one unit of butter. Due to increasing marginal opportunity cost, PPF becomes more and more steep as we move from points A to G. Technically, a curve with an outward bend is described as ‘Concave to the Origin’.

Answer 2

here is your answer

The two basic charracteritics of ppf:

■ ppf slopes downwards as more if one goods can be produced only by taking resources away from the production of another goods.......

■ ppf is a concave shape because of increasing MRT , MORE and more units of one commodity are sacrificed to gain an additional unit of another commodity.....

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