Draw a production possibility curve. What does a point below this curve indicate ?

Draw a production possibility frontier. What does a point below this curve indicate ? Explain.

Define and draw a production possibility curve. What does the movement along this curve show ?

Growth curve indicates

Why is production possibility curve also called opportunity cost curve?

Draw a production possibility curve and show the following situations on the diagram. (a) Full employment of resources, (b) Under utilisation of resources and (c) Economic growth.