Question

When an economy is operating on the ppc it indicates?

Answer 1

Answer:

Therefore, every point on PPC indicates that resources are efficiently and fully utilised for the production of goods and services in the economy. Therefore, when a country operates on the PPC, the potential output is achieved, in terms of actual output.

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Answer 2

PPC indicates that resources are effectively and completely used for the generation of products and administration within the economy.

Explanation:

           Production possibility curve appears all dstinctive feasible combinations of the generation of two commodities of the generation of two commodities that can be delivered into an economy with given the assests and innovation which is to be completely utilized .

Hence , each point of PPC demonstrate  that assets are proficiently and completely used for the generation of products and administrations within the economy. Therefore , when a nation works on the PPC the potential yield.

The Production Power Curve (PPC) is a model that captures the choice constraints and opportunity arises to produce two goods or services . Point in PPC  are ineffective , Points in PPC are valid , and points outside PPC cannot be achieved.