Why does ppc curve slopes downward …
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Posted by Shubham Bansal 7 years ago
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Ankit Soni 7 years ago
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Yogita Ingle 7 years ago
Because in a situation of full employment of resources, production of one good can be increased only with sacrifice of some quantity of other good.
If the PPF is a STRAIGHT LINE as shown in the first graph, then the slope is CONSTANT. This means the opportunity cost is also CONSTANT. In real life, the PPF will NOT be linear; it will be a downward sloping curve because of the law of diminishing marginal returns.
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