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What characterizes any point outside the ppc

What characterizes any point outside the ppc

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Answer #1

The above graph showing PPC curve the Product Frontier Curve it explains the maximum amount of two output is produced with given input.In another word, it shows the allocation of resources in the production of the process.

The followings are the assumptions of the theory.

  • The resource is limited in nature.
  • The economic resources are scarce in nature.
  • The fullemployment of the resource in the production process.

The above graph showing the three points A, B, C the point A shows the underutilization of the resources and point B shows the optimum utilization of the resources and point C shows the overutilization of the resources.

Thus, any point outsides of the PPC graph shows that overutilization of the resources.

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