Download App

Introduction of Micro-Economics — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsIntroduction of Micro-Economics1 Mark
Question
Define the Production Possibility Curve.
✓

Answer

A Production Possibility Curve is a curve, which shows the various alternative production possibilities of two goods that can be produced with given resources and techniques of production.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Introduction of Micro-Economics→Introduction of Micro-Economics — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Give the reason behind a Convex Indifference Curve.
→
How is the equilibrium price affected by increase in demand?
→
When does “change in quantity demanded” take place?
→
State the law of demand.
→
A firm under monopolistic competition connot decide the price, however it has partial control over it. Why?
→
What effect does an increase in input price have on the supply curve?
→
When is the supply of a commodity called ‘elastic’?
→
Draw a production possibility curve.
→
When does 'change in demand' take place?
→
What is economics?
→