Question

Why PPC is a concave curve

Answer 1

It is because resources like labor or capital must be relocated to produce weapons. ... Most of the PPF curvesare concave due to the inadaptability of the resources. The law of increasing opportunity cost states: as the production of one good rises, the opportunity cost of producing that good increases.

Answer 2

❤️It is because resources like labor or capital must be relocated to produce weapons. ... Most of the PPF curvesare concave due to the inadaptability of the resources. ❤️