Question

What is ppc? Explain it with its features​

Answer 1

production possibility curve, also called or the production possibility frontier, which shows the various combinations of the two goods which the economy can produce with a given amount of resources.....

Production Possibility Curve its features or properties or characteristics, Assumptions etc. It is the graphical presentation of all possible combination of MAXIMUM PRODUCTION of TWO GOODS that can be produced assuming FIXED amount of RESOURCES and TECHNIQUES

Answer 2

Answer:

It refers graphical presentation of different combination of two goods which can be produced from given resources.

Features:-

1. PPC slope downwards

2.PPC is convex to origin.