CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
Question

What is PPC?


Open in App
Solution

Answer:

In market, when two goods are produced together, the Production Possibility Curve (PPC) is required to assess the efficiency of a production system. This diagram is used by the management to schedule the perfect proportion of items to manufacture to minimize waste and costs while increasing profit.


flag
Suggest Corrections
thumbs-up
8
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Supply Shifters
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon