What do you mean by production possibility curve? Explain with example

1.	What do you mean by production possibility curve? Explain with example.
Answer» It is a graphical representation of the combination of two goods which can be produced with given technology and resources.<br>It is a graphical representation of two goods which can be produced with the available of resources<br>PPC is a curve showing different possible combination of two goods which can be produced with the available resources. The construction of PPC is based on these assumptions : 1. Resources are given. 2. Given resources are fully and efficiently utilised. 3.technology ( technique of production) remains constant.

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