Economy, asked by harshita142206, 6 months ago

why PPC is concave to it's origin

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Answered by abhishekking25

3

Answer:

PPC is concave to the origin because of increasing Marginal opportunity cost. This is because inorder to increase the production of one good by 1 unit more and more units of the other good have to be sacriced since the resources are limited and are not equally efficient in the production of both the goods.

Answered by chandan4315

2

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