Economy, asked by kashishagarwal0816, 8 months ago

"production possibility curve" is concave to the origin. explain this property

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Answered by Anonymous

6

Answer:

The curve is concave to the origin- Since resources are use specific, therefore every time when one more unit of a commodity is produced more units of the other commodity is sacrificed that results in increasing marginal opportunity cost which leads to the concave shape of production possibility curve.

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