When can a PPC be a straight line?
Answers
Answered by
5
In the context of a PPF, opportunity cost is directly related to the shape of the curve (see below). If the shape of the PPF curve is a straight-line, the opportunity cost is constant as production of different goods is changing. But, opportunity cost usuallywill vary depending on the start and end points.
Answered by
1
Answer:
Explanation:
When marginal opportunity cost is constant
Similar questions
Biology,
7 months ago
Physics,
7 months ago
Social Sciences,
1 year ago
Science,
1 year ago
Math,
1 year ago