what are the properties of transformation curve
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Heya....
Transformation curve......
It is that curve which shows the different possible combinations of two goods that can be produced at given resources...
@@ It's characteristics....
** This curve slopes downward....
Due to we have to sacrifice one good to transfer from one good to other....
** This curve is concave to the origin..
When shift occur continuously then marginal cost rise it cause it's concavity...
Transformation curve......
It is that curve which shows the different possible combinations of two goods that can be produced at given resources...
@@ It's characteristics....
** This curve slopes downward....
Due to we have to sacrifice one good to transfer from one good to other....
** This curve is concave to the origin..
When shift occur continuously then marginal cost rise it cause it's concavity...
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