Production Possibility Curve - Introduction | Class 11 Economics

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Previous Video : Marginal Opportunity Cost - Introduction - Class 11th Economics kzbin.info/www/bejne/b4HUknyJn9KNmac Next Video : Practicals on PPF - Class 11th Economics kzbin.info/www/bejne/iqWvlIaXnd5pn9U

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Although lecture is very explanatory but it would be the best if the' possible uses & needs of PPC 'would have been also taught before explaining everything.

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[@fahmidanowshin1258]

Can you tell me ma'am, which product should be placed in axis and which one should be in the Y axis?. In this PPF diagram you have placed butter in horizontal x axis. Why so? Is there any explanation here or you can put the products anywhere in the graph to your convenience? kindly let us know.

[@hardikkumar1737]

It's called PPC And you can place any products in any axis because the changes in the quantity of one product is directly proportional to the other product.

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Hlo mam iska solution krke send krna plz Using a production possibilities frontier (PPF) diagram, determine how does a country’s PPF change in response to the events described below. Make sure to explicitly indicate what sectors you are representing, and what sort of assumptions each event implies (i.e., a neutral effect vs a sector-biased effect). The latter follows from your assumptions on the factor intensity of the sector you are representing. a) Reducing import taxes (tariffs) on primary inputs b) Increasing the expenditure on research and development c) The introduction of greater flexibility in labour markets (new government laws enabling easier hiring of workers) d) Increasing skilled migration into a country e) The discovery of new mineral deposits in a country

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Ma'aam? it is clearly writtten in assumptions of ppc that resources and technology are fixed or constant for both the production then why Rotation of ppc occurs? why resources and technology change in respect to one good?

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hii you are absolutely correct but those were assumptions where we kept our technology n resources fixed but this again is an assumption that what would happen in case we changed the technology n level of resources .. PPC is usually made by keeping those things constant ...

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There is one assumption in PPC is that resources and technology can not change....then how resources and technology are changing for one commodity..that results in various other graphs?

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