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what is PPC graph

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what is PPC graph

Posted by Srajal Bajpai 5 years, 4 months ago

CBSE > Class 11 > Economics

2 answers

Łegënď Gàmïñg 5 years, 3 months ago

Ppc is also known as production possibility frontier. This is graphical representation between two goods . It means we shows the difference between the two goods in graph as curve. Ex-wheat and rice we have only 500/- for buying seeds. So we have to decided we take wheat the production of wheat is high we earn more profit. He has to sacrificed one thing that is rice.

Meghna Thapar 5 years, 4 months ago

Production Possibilities Curve (ppc) The Production Possibilities Curve (PPC) models a two-good economy by mapping production of one good on the x-axis and production of the other good on the y-axis. Points inside the PPC result from inefficiency; output combinations outside the PPC are impossible to produce. Production possibilities curve (PPC) (also called a production possibilities frontier) a graphical model that represents all of the different combinations of two goods that can be produced; the PPC captures scarcity of resources and opportunity costs.

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