Show the following situation with PPF
  • FULLER UTILISATION OF RESOURCES ​
  • GROWTH OF RESOURCES
  • UNDER UTILISATION OF RESOURCES
  • EFFECT ON PPC DUE TO FLOODS IN THE ECONOMY
  • TECHNOLOGICAL ADVANCEMENT IN THE ECONOMY

Hi Varun,


1. Fuller utilisation of resources is shown by all the points lying on PPC, like A, B, C, D and E.


2. This topic is covered in our study material. You can refer to the same following the below mentioned link and scroll down to the topic 'Change in Endowment of Resources'
 
https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-microeconomics/introduction/338_1980_5801#slide1_Central Problems of an Economy and the Concept of Production Possibility Frontier

3) Any point lying under the curve, like F, depicts inefficiency or underutilisation of available resources.


4) ​Floods in a country leads to decline in resources. As a result of which less resources are left for producing the goods. Thus, the decline in resources will lead to a leftward shift in the Production Possibility Curve (PPC).

5) Follow the link to view the answer to your question.

https://www.meritnation.com/ask-answer/question/why-do-growth-of-resources-and-technological-advances-shift/introduction/6824492

I want to make an humble request to you. As here in this thread, you have asked five questions altogether. This makes our indexing mechanism inefficient. Thus, we hereby request you to ask a single question in a single thread. This will be highly beneficial for our other students to go through your questions. Please abide by this from the next time on. ​



 

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