Question

What is Production Possibility Curve?

By which name it is also know as?

Answer 1

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$\mathfrak{\blue{Q.}}$What is Production Possibility Curve?


$\mathfrak{\blue{Ans.}}$ A production possibility curve is one which depicts all possible combinations of two goods which an economy and produce with full utilisation of given resources and state of Technology.

It is also known as production possibility Frontier (PPF)

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Answer 2

HEY MATE HERE IS YOUR ANSWER

a production possibility curve is one which depicts all possible a combinations of two goods which an economy and produce with the full utilisation of given resources and state of Technology.

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