This is Pete's PPC curve for staying in touch with friends via phone vs. his weblog during one week. Pete plans to write four entries to his weblog. How many conversations with friends can he have to efficiently use his time? 0 1 4 6

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12-12-2021
Business

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This is Pete's PPC curve for staying in touch with friends via phone vs. his weblog during one week. Pete plans to write four entries to his weblog. How many conversations with friends can he have to efficiently use his time? 0 1 4 6

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ewomazinoade ewomazinoade · Answer 1 · 2021-12-21T14:20:45+01:00

In order to efficiently use his time, the conversations with friends Pete can have is 4.

The production possibilities curve depicts the ways two goods can be combined in order to fully utilise resources. The PPC is concave to the origin.

Points on the curve indicate an efficient level of production. Point outside the PPC means that the production level is not attainable given the level of resources . Points inside the PPC indicates that resources are not been fully utilized.

If Pete wants to write 4 blog entries, trace the 4 on the y-axis to the curve and trace it to the x-axis. Based on this, Pete can have 4 conversations with friends.

Please find attached an image showing the required graph. To learn more about the PPC, please check: https://brainly.com/question/8074245