Question
Draw a production possibility curve. What do the points inside and outside this curve indicate? Explain.
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| Income: | 100 | 200 | 400 | 500 | 800 |
| No. of Persons: | 80 | 70 | 50 | 30 | 20 |
|
Wages (in ₹)
|
Number of Workers
|
|
0-5
|
4
|
|
5-10
|
6
|
|
10-15
|
3
|
|
15-20
|
8
|
|
20-25
|
12
|
|
25-30
|
7
|
| Class lnterval: | $0-10$ | $10-20$ | $20-30$ | $30-40$ | $40-50$ | $50-60$ |
| Frequency (f): | $16$ | $12$ | $10$ | $15$ | $12$ | $8$ |
| No. of goals scored: | 0 | 1 | 2 | 3 | 4 | 5 |
| No. of matches (Team A): | 15 | 10 | 7 | 5 | 3 | 2 |
| No. of matches (Team B): | 20 | 10 | 5 | 4 | 2 | 1 |