Question

How can PPC (production possibility curve) be convex shaped with example?​

Answer 1

Answer:

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. ... When the PPC is convex (bowed in), opportunity costs are decreasing.

Explanation:

mark me brainliest

Answer 2

Answer:

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. ... When the PPC is convex (bowed in), opportunity costs are decreasing.