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.

On the basis og given diagram, answer the following questions: (i) On

1.	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» SOLUTION :(i) ZERO Tanks. (ii) The production possibility curve will shift TOWARDS right. (iii) Point F. (iv) Point G. (V) If resources are fully and EFFICIENTLY utilized, economy can operate at any point (like points A, B,C, or E) on the production possibility curve.