Economy, asked by Rafel1969, 7 hours ago

Ppc is concave to the origin because of decrease in marginal rate of transformation

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Answered by rrmohan74

0

Answer:

Production Possibility Curve (PPC) is concave to the origin because of the increasing opportunity cost. As we move down along the PPC, to produce each additional unit of one good, more and more units of other good need to be sacrificed. ... This confirms the concave shape of PPC.

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