State any three assumptions on which a 'Production Possibilities Curve

1.	State any three assumptions on which a 'Production Possibilities Curve' is bases.
Answer» <html><body><p></p>Solution :The <a href="https://interviewquestions.tuteehub.com/tag/four-464592" style="font-weight:bold;" target="_blank" title="Click to know more about FOUR">FOUR</a> key assumptions underlying <a href="https://interviewquestions.tuteehub.com/tag/production-14556" style="font-weight:bold;" target="_blank" title="Click to know more about PRODUCTION">PRODUCTION</a> possibilities analysis are: (1) resources are used to produce one or both of only two goods, (<a href="https://interviewquestions.tuteehub.com/tag/2-283658" style="font-weight:bold;" target="_blank" title="Click to know more about 2">2</a>) the quantities of the resources do not <a href="https://interviewquestions.tuteehub.com/tag/change-913808" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGE">CHANGE</a>, (3) technology and production techniques do not change.</body></html>

State any three assumptions on which a 'Production Possibilities Curve' is bases.