Explain why ppc slopes downward
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Posted by Mahak Mishra 5 years, 3 months ago
- 2 answers
Gaurav Seth 5 years, 3 months ago
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. More of Good X can be produced only with less of Good Y.
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Sakshi Pokhriyal 5 years, 3 months ago
0Thank You