What is PP Frontier? Explain it with the help of an imaginary schedule and diagram.

 Show the following situation with PPF (PPC)

(a) Fuller utilisation of resources     (b)   Growth of resources.

Under utilisation of resources.

An economy always produces on, but not inside a PPC. Defend or refute.

A lot of people die and many factories were destroyed because of a severe earthquake in a country. How will it affect the country’s PPC?

Calculate MRT from following table. What will be the shape of PPF and why?