Home
Class 12
ECONOMICS
If the marginal (additional) opportunity...

If the marginal (additional) opportunity cost is a constant, PPC would be

A

Convex.

B

A straight line.

C

Backward bending.

D

Concave.

Text Solution

Verified by Experts

The correct Answer is:
b
Doubtnut Promotions Banner Mobile Dark
|

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

Define opportunity cost.

Define opportunity cost.

Knowledge Check

  • Opportunity cost in the:

    A
    Number of units sacrificed
    B
    Number of units gained
    C
    Cost of next best alternative foregone
    D
    None of these.

  • Opportunity Costs arise:

    A
    When there is only course of action
    B
    When there are two or more alternative courses
    C
    Both (a) and (b)
    D
    Neither (a) nor (b)

  • The Opportunity Cost arises:

    A
    When there is just one alternative
    B
    When there are two or more alternatives
    C
    Either (a) or (b)
    D
    None of these.

    • Similar Questions

    Explore conceptually related problems

    Define opportunity cost.

    What is opportunity cost?

    Define Opportunity Cost.

    Define Marginal Opportunity cost.

    Prepare a PP schedule assuming that the marginal opportunity cost is constant. Also, comment on the shape of the PP curve.

    Home
    Profile