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Ppc is downward sloping and __ to the origin can u explain this?
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Ppc is downward sloping and __ to the origin can u explain this?
The slope of the PPC measures MRT/MOC. the shape of the PPC is concave i.e moving from left to right i.e as we move downwards along the PPC the MRT rises. It implies that to produce more units of one good some units of other good must be sacrificed due to limitation of resources i.e, MOC increases when the productivity and efficiency of factors of production decreases as they are shifted from one use to another as resources are not equally efficient.
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Most Upvoted Answer
Ppc is downward sloping and __ to the origin can u explain this?
Because to produce one more unit of good some unit of another good have to be sacrificed!!
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Ppc is downward sloping and __ to the origin can u explain this?
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