Economy, asked by Gsawesome, 11 months ago

Write five reasons of downward sloping of PPC curve.

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Answered by kshitiz24
0

PPC is the locus of points representing. different combinations of the two goods which the economy can produce from the given resources assumed to be employed fully and efficiently. A PPC is downward sloping.because to produce more quantity of one good, the economy must produce less quantity of the other good. It is because the resource is fixed. Detailed Answer : Production Possibility Curve refers to the graphical representation of possible combinations of two goods that can be produced with given resources and technology. PPC slopes downwards from left to the right. It is because, in a situation of fuller utilization of given resources, production of both the goods cannot be increased. make me brainiest

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