Question

Production possibility curve is used for:

• A. Determining the production of the products in accordance with its resources
• B. Determining the production. if technology is improved
• C. Both a & b
• D. None of the above

Answer 1

The correct option is A Determining the production of the products in accordance with its resources

Production possibility curve is an indicator that shows the different attainable combinations of the production of two commodities that can be produced in an economy given the resources and technology which are to be fully utilized.