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picture1_Theory Of Production Pdf 126650 | 11 Economics


picture2_Theory Of Production Pdf 126650 | 11 Economics picture3_Theory Of Production Pdf 126650 | 11 Economics

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File: Theory Of Production Pdf 126650 | 11 Economics
Class Notes Class: XI Topic: PRODUCTION POSSIBILITY CURVE (MICRO-ECONOMICS) Subject: ECONOMICS PRODUCTION POSSIBILITY FRONTIER It is a graphical representation of all the possible combinations of two goods that can be ...

icon picture PDF Filetype PDF | Posted on 12 Oct 2022 | 2 years ago

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...Class notes xi topic production possibility curve micro economics subject frontier it is a graphical representation of all the possible combinations two goods that can be produced by optimum fuller utilization available resources and given technology gives us maximum limit services could so also known as boundary or ppf called transformation because when we move from one position to another are really transforming good into shifting use properties ppc downward sloping produce more have sacrifice few units were already being fully utilized concave shaped due increasing mrt i e every additional unit commodity sacrificed reason not equally efficient straight line only if marginal rate constant throughout remain both commodities utility derived their convex origin decreasing implies less gain an what does mean economy operting on point indicates efficiently utilised for in therefore country operates potential output achieved terms actual causes shift shifts possibilities caused things chan...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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										Category:  Uncategorized / Uncategorized 
										
Posted on: 12 Oct 2022 | 2 years ago
										
										
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