Economy, asked by niharika3866, 9 months ago

why is production possibility curve conave
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Answers

Answered by ap1861450
1

Answer:

The shape of a PPF is commonly drawn as concave to the origin to represent increasing opportunity cost with increased output of a good. Thus, MRT increases in absolute size as one moves from the top left of the PPF to the bottom right of the PPF.

Explanation:

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