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why ppc is concave to the …

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why ppc is concave to the origin
  • 2 answers

Yogita Ingle 6 years, 4 months ago

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. That is, as we move down along the PPC, the opportunity cost increases. And this causes the concave shape of PPC.

Savita Sahu 6 years, 4 months ago

Because of MRS anD downward sloping from right to left
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