Production Possibility Frontier is:

1.	Production Possibility Frontier is:
Answer» Downward Sloping Concave Shaped Both (a) and (b) Either (a) or (b) SOLUTION :The two BASIC CHARACTERISTICS or features of PPF are:1. PPF slopes downwards:PPF shows all the maximum possible combination of two goods, which can be produced with the available resources and technology. In such a case, more of one good can be produced only by taking resources away from the production of another good.2. PPF is Concave Shaped:PPF is concave shaped because of increasing marginal opportunity costs, i.e. more and more units of one commodity are sacrificed to GAIN an ADDITIONAL unit of another commodity.

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