First Class Tips About How To Draw The Production Possibility Curve

In this movie we go over how to draw a ppf (production possibilities frontier) given information on various points from a table.

How to draw the production possibility curve. Please see the related vid. (b) the quantities and qualities of factors of production viz., land, labour. The production possibility curve is based on certain assumptions:

Enjoy your first graph in economics class.do not forget to subscribe and s. The production possibilities curve (ppc) is a model that captures scarcity and the opportunity costs of choices when faced with the possibility of producing two goods or services. The trick here is to take a.

The production possibility curve bows outward. The shape of the production possibilities curve. The method of drawing production possibility curve from production function is explained below.

The highest point on the curve is when you only produce one good, on the y. A farmer has five acres of land and wants to produce two products namely cotton (y1) and. In this video i demonstrate drawing a joint production possibility frontier (or sometimes ppc) which includes a kink.