English, asked by miyamotokylie4, 2 months ago

what are the important uses of PPC in economics?

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Answered by surbhi8542

Answer:

The Production Possibilities Curve (PPC) is a model used to show the tradeoffs associated with allocating resources between the production of two goods. The PPC can be used to illustrate the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contractions.

Answered by Anonymous

Production possibilities curve (PPC): (also called a production possibilities frontier) a ...

Constant opportunity costs: when the opportunity cost of a good remains constant as ...

Growth: an increase in an economy's ability to produce goods and services over time; ...

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