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Home Questions 47B48CRTGZ
Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Introduction

Question:

When we construct a PPC, which of the following assumptions are to be kept in mind?

Options:

Resources are given

Resources are efficiently utilised

Technology remains constant

All of the above

Correct Answer:

Resources are given

Explanation:

When we construct a PPC, the following assumptions are kept in mind:

  • The resources are already given.
  • The given resources are fully and efficiently utilised.
  • Technique of production remains constant.

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