Grade 10
Unit 1.4
Production
Possibility Curve
(PPC)
, Production Possibility Curve/Frontier (PPC/PPF)
Good Y
In view of illustrating the
opportunity cost concept, we
use the PPC or PPF or the
Opportunity Cost Curve.
In short, the PPC shows the
maximum output of two
products and combinations of
theses products that can be Good X
produced with existing
resources and technology.
2
Mr G. DHONDOO
Unit 1.4
Production
Possibility Curve
(PPC)
, Production Possibility Curve/Frontier (PPC/PPF)
Good Y
In view of illustrating the
opportunity cost concept, we
use the PPC or PPF or the
Opportunity Cost Curve.
In short, the PPC shows the
maximum output of two
products and combinations of
theses products that can be Good X
produced with existing
resources and technology.
2
Mr G. DHONDOO
