Question

What does the Concavity of PPC implies?

Answer 1

The shape of a production possibility curve (PPC) reveals important information about the opportunity cost involved in producing two goods. ... When the PPC is concave (bowed out), opportunity costs increase as you move along the curve. When the PPC is convex (bowed in), opportunity costs are decreasing...

Answer 2

the shape of a production possibility curve reveals important information about the opportunity cost involved in producing two goods. When the production possibility curve is concave (bowed out), opportunity cost increases as you move along the curve. When the PPC is convex (bowed in) opportunity cost are decreasing.