Question

Explain Features of PPC curve.. class 11th economics......

Answer 1

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✍️ The resources are fully and efficiently utilised;

✍️. Resources are not equally efficient in production of all products. So, when resources are transferred from production of one good to another, the productivity decreases;

✍️The level of technology is assumed to be constant.

✍️The concept of PPF can be better understood with the help of following imaginary (hypothetical) schedule and

Answer 2

firstly, ppc is downward sloping because of limited and fixed resources. if we want to increase production for good x we have to sacrifice some units of good y.

secondly, ppc is concave to the point of origin because of increasing or rising marginal opportunity cost (MOC) or marginal rate of transformation(MRT)