Question

What is PPC and its assumptions...

Answer 1

Answer:

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The four key assumptions underlying production possibilities analysis are:

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(1) resources are used to produce one or both of only two goods,

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(2) the quantities of the resources do not change,

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(3) technology and production techniques do not change, and

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(4) resources are used in a technically efficient way.

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$<marquee>hope u understand$