Math, asked by nbvbnvbnv, 11 months ago

Explaine PPC (Production possibility curve) class 11th economics..........

Answers

Answered by Anonymous

firstly, ppc is downward sloping because of limited and fixed resources. if we want to increase production for good x we have to sacrifice some units of good y.

secondly, ppc is concave to the point of origin because of increasing or rising marginal opportunity cost (MOC) or marginal rate of transformation(MRT).

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