What do you mean by Production Possibility Curve? Explain.
Answers
Answered by
4
production possibility curve is the locus or representation of all possible points of all possible combinations of two commodities which can be produced by optimum utilisation of available resources.
in simple we can understand this that on commodity is sacrificed to consume another commodity which is commonly known as marginal rate of transformation.
Easy ^_^
in simple we can understand this that on commodity is sacrificed to consume another commodity which is commonly known as marginal rate of transformation.
Easy ^_^
Kaido:
brainliest daal do
I'm sorry
its okay
hope it helped u ♡
It requires one more ans
okay okay
you're welcome^_^
Answered by
9
Heya user!
PPC.( production possibility curve) is a curve showing different possible combination of two goods which can be produced with the available resources .
The construction of PPC is based on these assumption:
1. Resources are given
2. Given resources are fully and efficiently utilised .
3. Technology remain constant .
PPC.( production possibility curve) is a curve showing different possible combination of two goods which can be produced with the available resources .
The construction of PPC is based on these assumption:
1. Resources are given
2. Given resources are fully and efficiently utilised .
3. Technology remain constant .
tysm
aww ur welcome sweety
hope it helps you ^_^
Similar questions