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Draw a production possibility curve and show the following situation on the diagram:

+1 vote

asked May 12, 2018 in Economics by kratos

Draw a production possibility curve and show the following situation on the diagram:

(a) Full employment of resources.

(b) Underutilization of resources

microeconomics
cbse
introduction to economics
microeconomics introduction
class-12
introductory micro economics

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1 Answer

+5 votes

answered Apr 12, 2020 by kratos

Best answer

(a) A, B, C, D and E: Full employment of resources.

(b) F: Underutilization of resources.

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