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Why PPC curve in concave

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Why PPC curve in concave

Posted by Anjali Kesarwani 6 years, 9 months ago

CBSE > Class 12 > Economics

3 answers

Vaidehi Saraf 6 years, 9 months ago

Bcz of increasing MRT

0Thank You

Rahul Jain 6 years, 9 months ago

the production possibility curve in concave means that MRT it increases as we move download along the curve. it is assumed that no resources in is Equally efficient in production of all goods. as resources are transferred from one to one another less and less efficient resources have to be employed. this raises cost and raises MRT.

2Thank You

Kajal Singla 6 years, 9 months ago

Because we sacrifice one good to gain other

2Thank You

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CBSE > Class 12 > Economics