Economy, asked by sujal5422, 1 year ago

why is ppf is concave shape

Answers

Answered by ayush942653
4
it makes it size concave as it has MRT in crease so it make look like concave
Answered by Anonymous
6
The size of PPF is concave to the orgin to represent increasing opportunity cost with increase output of a goods. Thus, MRT increases in absolute size as one moves from the top left of the ppf to the bottom right of the ppf
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