What is PPC ??? And properties???
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11
Heya....
Define of PPC...
Production Possibility Curve is the curve showing different possible combinations of two goods that can be produced at given resources....
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Properties of PPC....
1 PPC slopes downwards...
As to have one more good we have to sacrifice one good,, so it slopes downward....
2 PPC is concave to the origin...
When we move from left to right along PPC then marginal opportunity cost tends to increase due to disturbance in the existing specialization...
==============
-- Be Brainly....
Define of PPC...
Production Possibility Curve is the curve showing different possible combinations of two goods that can be produced at given resources....
======================
Properties of PPC....
1 PPC slopes downwards...
As to have one more good we have to sacrifice one good,, so it slopes downward....
2 PPC is concave to the origin...
When we move from left to right along PPC then marginal opportunity cost tends to increase due to disturbance in the existing specialization...
==============
-- Be Brainly....
Answered by
4
Production Possibilities Curve (ppc)
Possibilities Curve (PPC) models a two-good economy by mapping production of one good on the x-axis and production of the other good on the y-axis. The combinations of outputs produced using the best technology and all available resources make up the PPC.
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