Question

The point of optimum utilisation of resources lies on which side of PPC Curve : (a) Towards left (b) Towards right (c) inside (d) upwards​

Answer 1

Answer:

towards left your good question

Answer 2

Answer:

The correct answer is

Option a – towards left

Explanation:

• A production possibilities curve in economics measures the utmost output of two goods employing a fixed amount of input. The input is any combination of the four factors of production: natural resources (including land), labor, capital goods, and entrepreneurship
• In economics, the assembly possibilities curve could be a visualization that demonstrates the foremost efficient production of a pair of products. Each point on the curve shows what proportion of every good are produced when resources shift to creating more of 1 good and fewer of another.
• The production possibility curve portrays the value of society's choice between two different goods. An economy that operates at the assembly possibility frontier, or the very fringe of this curve, has the very best standard of living it can do, because it is producing the maximum amount because it can using its resources.

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