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