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On the basis og given diagram, answer the following questions: (i) On the production possiblility curve AE, if the economy decides to produce 50 million tonnes of wheat then how many tanks it can produce ? (ii) If there is growth in resources, what will appen to the production possibility curve (iii) Which point in the diagram represents underutillisation of resources? (iv) Which of the points n diagram is an unattainable combination? (v) Identify the point at whihc the economy will operate if resources are fully and efficiently utilised.

Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :(i) <a href="https://interviewquestions.tuteehub.com/tag/zero-751093" style="font-weight:bold;" target="_blank" title="Click to know more about ZERO">ZERO</a> Tanks. <br/> (ii) The production possibility curve will shift <a href="https://interviewquestions.tuteehub.com/tag/towards-7269729" style="font-weight:bold;" target="_blank" title="Click to know more about TOWARDS">TOWARDS</a> right. <br/> (iii) Point F. <br/> (iv) Point G. <br/> (<a href="https://interviewquestions.tuteehub.com/tag/v-722631" style="font-weight:bold;" target="_blank" title="Click to know more about V">V</a>) If resources are fully and <a href="https://interviewquestions.tuteehub.com/tag/efficiently-2604067" style="font-weight:bold;" target="_blank" title="Click to know more about EFFICIENTLY">EFFICIENTLY</a> utilized, economy can operate at any point (like points A, B,C, or E) on the production possibility curve.</body></html>


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