The production possibility function can illustrate one of the following
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option D
Explanation:
the PPF/PPB/PPC shows two combination of products
that can be produced using all the resources available. Any point above the PPC indicates impossibility. This can be achieved by increase/discovery of new resources etc. any point below the curve indicates inefficiency.
the PPF/PPB/PPC shows two combination of products
that can be produced using all the resources available. Any point above the PPC indicates impossibility. This can be achieved by increase/discovery of new resources etc. any point below the curve indicates inefficiency.