Tag Archives | Production Possibility Curve

Production Possibility Curve Showing Production

In this article we will discuss about the segments of production possibility curve showing production. On a production possibility curve, segments are found only when the products are complementary or supplementary in nature. We have seen in Fig. 24 (b) as well as in Fig. 25 (b) that over segments AH and BT of the production possibility curve, the products [...]

By |2016-08-18T11:21:15+05:30August 18, 2016|Production Function|Comments Off on Production Possibility Curve Showing Production

Meaning of a Production Possibility Curve

In this article we will discuss about the meaning of a production possibility curve. Suppose a farmer has one input with which he can produce two products namely Y1 and Y2. We assume that the other inputs are highly specialized and can be used for producing a specific crop only. So, problem of their allocation over various crops does not [...]

By |2016-08-18T11:21:10+05:30August 18, 2016|Production Possibility Curve|Comments Off on Meaning of a Production Possibility Curve
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