Home
Class 12
ECONOMICS
Why PPC is concave to the point of origi...

Why PPC is concave to the point of origin?

Text Solution

Verified by Experts

Because of increasing marginal opportunity cost.
Promotional Banner

Topper's Solved these Questions

  • ELASTICITY OF DEMAND

    FULL MARKS|Exercise NCERT TEXTBOOK QUESTIONS SOLVED|114 Videos

  • MARKET EQUILIBRIUM WITH SIMPLE APPLICATIONS

    FULL MARKS|Exercise MORE QUESTIONS SOLVED (VIlI. APPLICATION BASED QUESTIONS )|7 Videos

Similar Questions

Explore conceptually related problems

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.

Why is a concave mirror called converging mirror ?