what is meant by production possibility curve? illustrate with the help of table an diagram
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heya raja...
the answer to your question is written below...
The production possibility frontier (PPF) is a curve depicting all maximum output possibilities for two goods,given a set of inputs consisting of resources and other factors.The PPF assumes that all inputs are used efficiently.
HOPE IT HELPS YOU....^_^
the answer to your question is written below...
The production possibility frontier (PPF) is a curve depicting all maximum output possibilities for two goods,given a set of inputs consisting of resources and other factors.The PPF assumes that all inputs are used efficiently.
HOPE IT HELPS YOU....^_^
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bey sorry by mistake i send the wrong image
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