concave curve

Why Is Production Possibility Curve Is Concave Explain?

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Why Is Production Possibility Curve Is Concave Explain? Production Possibility Curve (PPC) is concave to the origin because of the increasing opportunity cost. As we move down along the PPC, to produce each additional unit of one good, more and more units of other good need to be sacrificed. … And this causes the concave

Why Do Production Possibilities Frontiers Tend To Curve?

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Why Do Production Possibilities Frontiers Tend To Curve? The curvature of the production possibilities frontier shows that as additional resources are added to education, moving from left to right along the horizontal axis, the original gains are fairly large, but gradually diminish. Why do production possibilities frontiers curve? In business analysis, the production possibility frontier