If the production possibilities curve is concave from the origin, then economists say that
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Heya...
Production Possibility Curve is that curve which show the combination of two goods which can be produced at the available resources...
It has a characteristic that it is concave to the origin...
By this statement economists say that..
If we continuously shift from one resource to other one then it's existing specialization will disturbed and then the cost of every additional output will increase...means MRT will increase....
Production Possibility Curve is that curve which show the combination of two goods which can be produced at the available resources...
It has a characteristic that it is concave to the origin...
By this statement economists say that..
If we continuously shift from one resource to other one then it's existing specialization will disturbed and then the cost of every additional output will increase...means MRT will increase....
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C. resources are not equally suited for the production of both goods.
Explanation:
- The PPC or PPF tells about the quality of two types of goods and services on a competitive basis. If the curve is concave that is goods and not suited to the factor of production.
- These curves are normally drowned bulging outwards and can be shown when bulging downwards. The outwards shift is due to the availability of inputs of production.
Learn more about the production possibilities curve is concave from the origin, then economists say that.
- brainly.in/question/5533341 answered by Brainly User.
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