Question

Giving reason comment on the shape of PPC based on the following schedule.​

Answer 1

Answer:

Based on the below schedule, we can say that PPC is concave to origin. This is because as the productionincreases, to produce each additional unit of Good X, more and more units of Good Y are sacrificed. In other words, the opportunity cost of producing one good in terms of another increases.

Explanation:

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Answer 2

Answer:

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Explanation:

• Based on the below schedule, we can say that PPC is concave to origin. This is because as the productionincreases, to produce each additional unit of Good X, more and more units of Good Y are sacrificed. In other words, the opportunity cost of producing one good in terms of another increases...

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