Given below is the production possibilities schedule for capital goods and consumer goods.Table 2.2

-Consider Table 2.2. The production possibilities curve [PPC] representing this schedule would be:

Question

Given below is the production possibilities schedule for capital goods and consumer goods.Table 2.2
 
-Consider Table 2.2. The production possibilities curve [PPC] representing this schedule would be:

Quizplus · Accepted Answer

The production possibilities curve (PPC) is typically bowed out to represent increasing opportunity costs. As more of one good is produced, larger quantities of the other good must be sacrificed, reflecting the law of increasing opportunity costs.

Given Below Is the Production Possibilities Schedule for Capital Goods