How to do 13 a ? Also pls give solution to question 14
characteristic of ppc are -
moc increases as a result of which ppc is concave in shape
downward sloping due to resources constraints
point under it shows efficiency to utilise all resources optimally on the other hand a point outside ppc shows unachieveable bundle of goods
a point on ppc shows the optimal utilisation of all resources
moc -
a- -
b- 2
c-2
d-2
e-2
f-2
no the above schedule does not follow or shows the characteristic of ppc as the moc is constant at all stages as a result of which ppc is a straight line
moc increases as a result of which ppc is concave in shape
downward sloping due to resources constraints
point under it shows efficiency to utilise all resources optimally on the other hand a point outside ppc shows unachieveable bundle of goods
a point on ppc shows the optimal utilisation of all resources
moc -
a- -
b- 2
c-2
d-2
e-2
f-2
no the above schedule does not follow or shows the characteristic of ppc as the moc is constant at all stages as a result of which ppc is a straight line