Question

explain the shape of ppc​

Answer 1

Answer:

A typical PPC usually makes a bow out (or concave) shape from the original. This indicates an Increasing Opportunity Cost, meaning that the more you produce Item A, the Opportunity Cost of Item B increases, whereas in the linear graph it was constant.

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Answer 2

Answer:

Explanation:

The shape of a production possibility curve (PPC) reveals important information about the opportunity cost involved in producing two goods. When the PPC is a straight line, opportunity costs are the same no matter how far you move along the curve.

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By:Tolety Roshan