Question

draw a production possibility curve what do the point inside and outside this curve indicates explain 6 mark question

Answer 1

production possibility curve

Explanation:

production possibility curve (PPC) shows all the possibility of production of two products, in an economy with all the given resources and given technology.

All the inside point of a production possibility curve shows, that the given technology and resources can produce all the possibile outputs inside a production possibility curve .

All the outside points of production possibility curve shows, that the given technology and resources are not enough and will not be able to reach that lavel of production.

Answer 2

Answer:

here is your answer:

Explanation:

Draw a production possibility curve. ... All points inside and on the PPC indicate the attainable combinations of output, with the given resources and technology. Any point outside the boundary line of PPC shows unattainable combination of output of two goods.

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