what are the exceptions of production possibility curve
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Answer:
1. resources are used to produce one or both of only two goods
2. the quantities of the resources do not change
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What are the exceptions of production possibility curve
Explanation:
- A production possibility curves measure the maximum output of the two goods and uses the fixed amounts of the inputs and tends to show how much of the each good will be produced there is shift in the resource and illustrates the allocative efficiency and the economies of scale plus the scarcity of the resources that is a fundamental problem and applies to the individual and the households etc.
- The higher will be the investment the curve will shift to the right in the response to the reduction to the economic productivity capacity and may be due to the technological progress and moves along the favored good axis and may get biased in the favor of the capital intensive good. And the quantities of the goods don't change
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