Economy, asked by suryanshgoel, 9 months ago

why is typical production possibility curve concave??​

Answers

Answered by srushtijadhav2006
2

Answer:

Production Possibility Curve (PPC) is concave to the origin because of the increasing opportunity cost. As we move down along the PPC, to produce each additional unit of one good, more and more units of other good need to be sacrificed. That is, as we move down along the PPC, the opportunity cost increases.

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