Economy, asked by hiteshkunden, 6 months ago

The concept of Production Possiblity Curve was developed by___________.
1 Samuelson
2 Marshall
3 Keynes
4 Ricardo

Answers

Answered by mehulnawal2980

Explanation:

Vilfredo Pareto

The Pareto Efficiency, a concept named after Italian economist Vilfredo Pareto, measures the efficiency of the commodity allocation on the PPF. The Pareto Efficiency states that any point within the PPF curve is inefficient because the total output of commodities is below the output capacity.

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