What is the slope of PPC
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Yogita Ingle 6 years ago
The value of slope at any point on the Production Possibilities Frontier (PPF) curve or Production Possibilities Curve (PPC) indicates the opportunity cost. It is also called as marginal rate of transformation (MRT).
Slope of the PPC defines the rate of producing two goods with available resources and technology. When all the resources are used in manufacturing of one good, then the production of other good is affected. So, the production of one good depends on the production of other good, which impacts the opportunity cost of producing the good.
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