Economy, asked by Chahat7015, 6 months ago

What is production possibilty curve (ppc) concave? Explain

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Answered by architasahu

0

Answer:

Explain. Production Possibility Curve (PPC) is concave to the origin because of the increasing opportunity cost. As we move down along the PPC, to produce each additional unit of one good, more and more units of other good need to be sacrificed. ... This confirms the concave shape of PPC.

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