eco

Question

Production possibility curve may sometimes be convex to the origin ?

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Studies muskan 5 years 1 Answer 159 views Silver 0

Answer ( 1 )

  1. False, PPC is always concave to the origin ,as marginal opportunity cost (indicating slope of the cure ) must rise as more and more resources are shifted from Good 2 (on y axis ) to Good 1 ( on x axis )

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