Why ppc is concave to the origin ?
Answers
Answered by
3
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. ... And this causes the concave shape of PPC.
mark me brainliest if it helps you
Answered by
1
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. ... And this causes the concave shape of PPC.
Similar questions