production possibility curve is concave to the origin. explain with the help of a numerical example.....
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The concave shape of PPC means that the slope of PPC increases. The slope of PPC is defined as the quantity of good Y given up in exchange of an additional unit of good X.
The slope of PPC = amount of good Y lost/ amount of good X gained.
The slope of PPC = amount of good Y lost/ amount of good X gained.
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