Question

explain ppc of microeconomicsch 1 class 11​

Answer 1

Answer:

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The Production Possibilities Curve (PPC) is a model used to show the tradeoffs associated with allocating resources between the production of two goods. The PPC can be used to illustrate the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contractions.

OR

PPC or PPF is production possibility Curve/Frontier shows the combination of two goods which can be produced at the given level of resources and technology.

Answer 2

Answer:

The Production Possibilities Curve (PPC) is a model used to show the tradeoffs associated with allocating resources between the production of two goods.

It can be used to show the concepts of scarcity , opportunity cost, efficiency, inefficiency, economic growth and contractions.

Hope it helps