what is PPC graph

1.	what is PPC graph
Answer» Ppc is also known as production possibility frontier. This is graphical representation between two goods . It means we shows the difference between the two goods in graph as curve. Ex-wheat and rice we have only 500/- for buying seeds. So we have to decided we take wheat the production of wheat is high we earn more profit. He has to sacrificed one thing that is rice.<br>Production Possibilities Curve (ppc) The Production Possibilities Curve (PPC) models a two-good economy by mapping production of one good on the x-axis and production of the other good on the y-axis. Points inside the\xa0PPC\xa0result from inefficiency; output combinations outside the\xa0PPC\xa0are impossible to produce. Production possibilities\xa0curve\xa0(PPC) (also called a production possibilities frontier) a graphical model that represents all of the different combinations of two goods that can be produced; the\xa0PPC\xa0captures scarcity of resources and opportunity costs.

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