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Why PPC is concave to the point of origi...

Why PPC is concave to the point of origin?

Text Solution

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Because of increasing marginal opportunity cost.
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Draw and define a production possibility curve. Why is it downward sloping left to right ? Or Why is PPC concave to the origin? Explain.

PPC is concave shaped as production of one good can be increased only by reducing quantity of another good.

Knowledge Check

  • PPF is concave to the origin because of:

    A
    Increasing MRT
    B
    Diminishing MRT
    C
    Constant MRT
    D
    None of these.

  • PPC is concave when marginal opportunity cost

    A
    falls
    B
    remains constant
    C
    rises
    D
    all of these

  • The nearest point from the origin is

    A
    (2, -3)
    B
    (6,0)
    C
    (-2,-1)
    D
    (3,5)

    • Similar Questions

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    Why is a concave mirror called converging mirror ?

    Explain why an indifference curve is convex to the origin ?

    Explain why an indifference curve is convex to the origin ?

    Why Cash Book is called a book of original entry ?

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