Economy, asked by shonya425, 1 year ago

why is ppc concave? Explain

Answers

Answered by sunilsharma114pakf7y
0
I can explain in hindi....
Answered by HACKING
2

The production possibility curve being concave means that MRT increases as we

move downward along the curve. MRT increases because it is assumed that no resource

is equally efficient in production of all goods. As resources are transferred from one good

to another, less & less efficient resources have to be employed. This raises cost and raises

MRT

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