A level curve of a function is curve of points where function have constant values,level curve is simply a cross section of graph of function when equated to some constant values,example a function of two variables say x and y,then level curve is the curve of points (x,y),where function have constant value 19K views Admin Igcse Economics Revision Notes, O Level Economics Revision Notes 3 Comments 11,038 Views Production Possibility Curve The following is a curve representing all possible combinations of two goods that can be produced by an economy where all of its resources are fully and efficiently employedThe real wage and the natural level of employment are determined by the intersection of the demand and supply curves for labor Potential output is given by the point on the aggregate production function corresponding to the natural level of employment This output level is the same as that shown by the longrun aggregate supply curve
The Following Figure Shows The Level Curves Of F And Chegg Com
