What is a "Production Possibility Curve"

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Introduction

Question:

What is a "Production Possibility Curve" known as?

Options:

Transformation curve

Production possibility frontier/boundary

Indifference Frontier

Both (1) and (2)

Correct Answer:

Both (1) and (2)

Explanation:

Production possibility curve is also called as Transformation curve and Production possibility frontier/boundary.