what is production possibility curve?
Answers
Answered by
0
The production possibility curves is a hypothetical representation of the amount of two different goods that can be obtained by shifting resources from the production of one, to the production of the other. The curve is used to describe a society's choice between two different goods.
Similar questions
Biology,
7 months ago
Science,
7 months ago
Math,
7 months ago
Math,
1 year ago
Social Sciences,
1 year ago
Math,
1 year ago
Psychology,
1 year ago
Science,
1 year ago