Question

Production Possibility Curve is concave to the origin because of:_. *

1

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Answer 1

The shape of a PPF is commonly drawn as concave to the origin to represent increasing opportunity cost with increased output of a good. Thus, MRT increases in absolute size as one moves from the top left of the PPF to the bottom right of the PPF.

Answer 2

Answer:

The shape of PPF is commonly drawn as concave to the original to represent increasing opportunity cost with increased output of a good. Thus , MRT increases into absolute size as one moves from the top left of the PPF to the bottom right to the PPF.

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