New RBI Grade B 2025 Notification will come Soon! Enroll Here

Question

The production possibility curve is a plot between:

A quantity of one good and the labour required to produce the good

B quantity produced of one good and the technology required to produce the good

C quantity of labour and the capital required to produce the good

D quantity of two goods with the given resources and the technology required to produce both goods

Practice Next

More Theory of Cost and Production Questions

Through which portal can training institutions apply for financial support from NABARD for rural youth training?
What is the focus of the ‘Sampoornata Abhiyan’ launched by NITI Aayog?
Who was the head of the Allahabad congress session?
Consider the following statements:

Assertion (A): India underwent modernization in the 19th century due to socio-religious reform movements.
...
Which of the following is NOT a key component of PMKVY?
Which company introduced the AI chatbot "Jugalbandi" for rural India?
What is the minimum age at which an individual can start contributing to the Atal Pension Yojana?
From which archaeological site is evidence of the earliest known earthquake found?
In which year was the "Right to Information" Act enacted in India?
Under which scheme is the use of Artificial Intelligence, big data, and remote sensing emphasized for modernizing agriculture?

-->