What is PPC?? And its assumptions????
Answers
Answered by
4
Heya.....
Here is your answer....
===============
======================
PPC stands for Production Possibility Curve....
"" It's define .....
PPC is that curve showing various combinations of two goods that can be produced at given resources......
"" It's assumptions....
** Resources are given....
** Resources are fully and efficiently utilised....
** Technology remains constant....
-- Be Brainly....
Here is your answer....
===============
======================
PPC stands for Production Possibility Curve....
"" It's define .....
PPC is that curve showing various combinations of two goods that can be produced at given resources......
"" It's assumptions....
** Resources are given....
** Resources are fully and efficiently utilised....
** Technology remains constant....
-- Be Brainly....
Answered by
2
heya...
Here is your answer..
PPC means production possibility curve.
Production possibility curve is a curve showing different production possibilities of a set of 2 goods.
Assumptions:
1. Efficiency.
2. Fixed resources.
3.Fixed technology.
It may help you..☺☺
Here is your answer..
PPC means production possibility curve.
Production possibility curve is a curve showing different production possibilities of a set of 2 goods.
Assumptions:
1. Efficiency.
2. Fixed resources.
3.Fixed technology.
It may help you..☺☺
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