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Why p. p curve is concave …

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Why p. p curve is concave to origin?

Posted by Saniya Khan 6 years, 3 months ago

CBSE > Class 11 > Economics

2 answers

Saniya Khan 6 years, 3 months ago

This is because of assumptions all resources are not equally efficient in production of both the goods. Therefore MRT will increases with increasing rate and p. p curve becomes concave.

Gaurav Seth 6 years, 3 months ago

PPC is concave to the origin because of increasing Marginal opportunity cost. This is because inorder to increase the production of one good by 1 unit more and more units of the other good have to be sacrificed since the resources are limited and are not equally efficient in the production of both the goods.

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