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All attainable combinations will lie
- a)Under the PPC only
- b)On the PPC only
- c)On and under the PPC
- d)Above the PPC only
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
All attainable combinations will liea)Under the PPC onlyb)On the PPC o...
A production possibilities frontier (PPF) is a diagram that illustrates the possible production points for an economy based on its resources and technology.Production points on a PPF are possible and efficient. Production points on a PPF represent efficient use of all of the economy’s resources.
Most Upvoted Answer
All attainable combinations will liea)Under the PPC onlyb)On the PPC o...
Explanation:
- The PPC or Production Possibility Curve is a graph that shows the different combinations of two goods that a country can produce with its available resources and technology.
- All attainable combinations refer to the points on or below the PPC, as these combinations can be produced with the given resources and technology.
- If a point is above the PPC, it is unattainable with the current resources and technology.
- Therefore, the correct answer is option C, which states that all attainable combinations will lie on and under the PPC.
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All attainable combinations will liea)Under the PPC onlyb)On the PPC o...
We can only attain those combination which lie inside or on ppc because we can make optimum uses or less uses of resources to attain the combination of goods
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All attainable combinations will liea)Under the PPC onlyb)On the PPC onlyc)On and under the PPCd)Above the PPC onlyCorrect answer is option 'C'. Can you explain this answer?
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