what will be the shape of ppf when mrt is constant
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MRT is slope of PPF or PPF . therefore ,when MRT is constant , PPF will be downward sloping straight line .
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Answer:
As we know that the Marginal Rate of Transformation (MRT) is the slope of the Production Possibility Curve (PPC) or the the Production Possibility Frontier (PPF). Therefore, when MRT is constant, PPF will be a downward sloping straight line.
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