What does increasing MOC along a PPC means..?
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Answered by
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Hey here is your answer....
It means that the amount sacrificed of the other good is increasing which makes the PP curve concave in shape. Thus an economy is a system that
(i) helps to produce goods and services
(ii) enables people to earn income for buying goods and services.
Hope this helps....
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✶⊶⊷⊶⊷⊷⊶⊷ ❍⊷⊶⊷⊶⊷⊶⊷✶
What does increasing MOC along a PPC means..?
It means that the amount sacrificed of the other good is increasing which makes the PP curve concave in shape. Thus an economy is a system that
(i) helps to produce goods and services
(ii) enables people to earn income for buying goods and services.
✶⊶⊷⊶⊷⊷⊶⊷ ❍⊷⊶⊷⊶⊷⊶⊷✶
✯✯✯
⍖━━━━━━━━━━⍖
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