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Why Is Production Possibility Curve Is Concave Explain?

January 24, 2024 by Rebecca Patel

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

What Is The Concave Rule?

January 24, 2024 by Rebecca Patel

What Is The Concave Rule? The concave-convex rule states that if a concave surface moves on a convex surface, roll and slide must occur in the same direction, and if a convex surface moves on a concave surface, roll and slide occurs in opposite directions. Who proposed concave-convex rule? Note the shift of axis of