Economy, asked by smol15, 1 year ago

write down the properties of transformation curve

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Answered by Anonymous

1

It is also known as Production Possibility Frontier (or PPF) andTransformation Curve. The following are the properties of a PPC. ... Concave to Origin: PPC curve is concave to the origin. This is because of the increasing opportunity cost i.e. in accordance with the law of increasing opportunity cost

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