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At any point of underutilization/any point inside of the curve
A production possibilities curve illustrates how efficient an economy is by indicating the possibly opportunities in the economy. This will also illustrate the relevant costs entailed in the production.
Any point on the PPC curve
an efficient utilization of resources
At Full Potential
An economy working below its most efficient production levels points inside the production possibilities frontier. This is in the context of a production possibilities curve.
At any point of underutilization/any point inside of the curve
A production possibilities curve illustrates how efficient an economy is by indicating the possibly opportunities in the economy. This will also illustrate the relevant costs entailed in the production.
Any point on the PPC curve
an efficient utilization of resources
At Full Potential
A point inside a production possibilities curve represents things that can be produced. However, points inside the curve would be less efficient to produce than those points resting directly on the line.
production possibilities curve convex to the origin. Elson Mendoza was here.
no
the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.
it really good
yes