Economy, asked by minkk, 23 hours ago

Q 16. Why is production possibility curve called opportunity cost curve?

Answers

Answered by Sparsh1237
1

Answer:

Why is production possibility curve also called opportunity cost curve? ... (ii) PPC is also called opportunity cost curve because each and every point on PPC measures the opportunity cost of one commodity in terms of sacrificing other commodity.

Explanation:

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Answered by snehashinde2984
2

PPC is also called opportunity cost curve because each and every point on PPC measures the opportunity cost of one commodity in terms of sacrificing other commodity.

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