The points on PPC shows one among the following, choose the correct option:
(
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Shift 05/06/2023 8:30 AM - 10:30 AM
A
lesser utilisation of resources
B
fuller utilisation of resources
C
growth of resources
D
constant resources
Correct Answer
fuller utilisation of resources
Detailed Explanation
- The points on the Production Possibility Curve (PPC) typically represent a situation of **fuller utilization of resources**.
- The PPC illustrates the combinations of two goods or services that can be produced given the available resources and technology.
- Points on the curve indicate the efficient use of resources, and any point within the curve represents underutilization, while points beyond the curve are unattainable with the current resources and technology.
- So, the correct option is:
(2) fuller utilization of resources.
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