What does a point within the production possibility curve show?
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production possibility curve measures the maximum output of two goods using a fixed amount of input. ... Each point on the curve shows how muc.h of each good will be produced when resource
s shift from making more of one good and less of the other. The curve measures the trade-off between producing one good versus another
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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.
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