What is the difference between a point inside and a point on ppc.
Answers
Answered by
10
Answer:
The Production Possibilities Curve (PPC) is a model that captures scarcity and the opportunity costs of choices when faced with the possibility of producing two goods or services... Points on the interior of the PPC are inefficient, points on the PPC are efficient, and points beyond the PPC are unattainable....
HOPE THIS WILL HELP U... : )
Similar questions
Social Sciences,
4 months ago
Science,
4 months ago
Psychology,
8 months ago
Math,
11 months ago
Biology,
11 months ago