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is ppc curve alwalys concave to origin
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is ppc curve alwalys concave to origin
yes it is because of increasing MRT. Although MRT is always increasing but if we that MRT is constant then PPC will be a straight line curve.
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is ppc curve alwalys concave to origin
yes it is because of increasing MRT. Although MRT is always increasing but if we assume that MRT is constant then PPC will be a straight line curve.
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is ppc curve alwalys concave to origin
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