What are the assumption of production possibility curve?
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Heya....
Production Possibility Curve is that curve which shows the different possible combinations of two goods that can be produced at available resources...
Assumptions of PPC....
1 Resources are given..
2 Resource are fully and efficiently utilised....
3 Technology remains constant....
Production Possibility Curve is that curve which shows the different possible combinations of two goods that can be produced at available resources...
Assumptions of PPC....
1 Resources are given..
2 Resource are fully and efficiently utilised....
3 Technology remains constant....
Answered by
0
resource r given..
resource r fully and efficient utilise...
resource r fully and efficient utilise...
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