Question

Explaine PPC (Production possibility curve) class 11th economics..........

Answer 1

ANSWER

The Production Possibilities Curve, also known as the production possibilities frontier, is a graph that shows the maximum number of possible units a company can produce if it only produces two products using all of its resources efficiently.

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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).