show under utilization of resources with the help of a production possibility curve
Answers
PPC is a concave shaped curve , concave to the origin .
any point on the ppc curve shows full utilization of resources available in a market.
any point under the ppc curve shows partial or incomplete utilization of resources available in the market. this point is known as under utilization of resources.
any point above the ppc curve shows the lack of resources needed to produce a combination of a good. this happens because resources are limited or rather inadequate for producing the particular combination of goods
Answer:
Explanation:
When it comes to utilizing the resources, the production curve is a must and should.
A production curve is something that has to be used to define and compare the differences between the rigorous use of resources and the resources that are not utilized.
In this case, the under utilization of resources means that the resources are lying dormant and they are not utilized.