The opportunity cost of
producing additional units
of a good increases as we
move from left of right on a
production possibility curve
which the chart is ?
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3
Answer:
I am not so sure but it's the chart of MOC.
hope it helps
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Introduction:
The slope of the production possibility curve is the marginal opportunity cost, which is the additional sacrifice made by a corporation when it shifts resources and technology from producing one commodity to producing another.
Explaination:
Since the resources are use specific, every time one more unit of one commodity is produced, more units of the other commodity are sacrificed, resulting in a growing marginal opportunity cost, which leads to the concave shape of PPC to the origin.
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