Question

A production possibilities curve shows the alternative ways in which an economy's resources can be used The production possibilities frontier is the line or curve on
the graph that represents the maximum amount that an economy can produce. Points inside the frontier reflect an underutilization of resources. If the amount of available land, labor, or capital increases, the entire curve can shift to the right. The law of increasing costs states that as production shifts from one item to a second item, more and more resources are necessary to
increase production of the second item.

Can you guys write this with different words

Answer 1

A production possibilities curve is seen s a curve that shows the various kinds of alternative methods that shows the resources of an  economy and how they are been used.

The paraphrase is given below:

What is a  production possibilities curve  about?

A production possibilities curve is known to be a curve that depicts the different forms of alternative methods that shows the resources of an  economy and how they are been used.

Note that the production possibilities frontier is also seen as a kind of a line or curve on a given graph that shows the highest amount that an any economy can make.

The Points inside the frontier is one that depicts the  insufficient use of resources. If the rate of available land, labor, or capital is known to go up, the full curve is one that can be altered as it will move or shift to the right.

Hence,  The law of increasing costs implies that as production moves from one point to a second point, a lot and and lot resources are needed to make production go up of the second point.

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