which time pp curve is convex

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when less less units of commodity sacrifice to gain an additional unit of another commodity then ppc is convex

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when MOC is decreasing

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PPC is generally concave to the origin bcz that opportunity cost for most goods increasing with quantity but it is convex to the origin when opportunity cost decreases with quantity

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The Convex PP Curve

The production possibilities (PP) curve is a graphical representation that shows the maximum combinations of two goods that can be produced using all available resources and technology. The curve is typically concave, meaning that the opportunity cost of producing one good increases as more of it is produced. However, in certain cases, the PP curve can be convex, which has important implications for economic analysis.

Definition of Convex PP Curve

A convex PP curve is a curve that is bowed outward from the origin, meaning that the opportunity cost of producing one good decreases as more of it is produced. This occurs when the resources used to produce the goods are specialized and not easily transferable between the two goods. In this case, as more of one good is produced, the marginal cost of producing it decreases, allowing more resources to be shifted towards the production of the other good.

Characteristics of Convex PP Curve

The following are the characteristics of the convex PP curve:

1. Increasing Marginal Returns: As more of one good is produced, the marginal product of the resources used to produce it increases, leading to increasing marginal returns.

2. Decreasing Marginal Costs: As marginal returns increase, the marginal cost of producing the good decreases, allowing more resources to be shifted towards the production of the other good.

3. Specialization: The resources used to produce the goods are specialized and not easily transferable between the two goods.

4. Efficient Production: The efficient production point lies on the convex PP curve, where resources are allocated between the two goods in the most efficient way possible.

Implications of Convex PP Curve

The convex PP curve has important implications for economic analysis, including:

1. Comparative Advantage: The convex PP curve illustrates the concept of comparative advantage, where countries specialize in the production of goods in which they have a lower opportunity cost.

2. Trade: The convex PP curve suggests that trade can be mutually beneficial, as countries can specialize in the production of goods in which they have a comparative advantage and trade with other countries for goods in which they do not.

3. Economic Growth: The convex PP curve suggests that economic growth can occur through increasing specialization and trade, allowing countries to move to higher points on the PP curve.

In conclusion, the convex PP curve is a curve that is bowed outward from the origin, indicating that the opportunity cost of producing one good decreases as more of it is produced. This occurs when resources are specialized and not easily transferable between the two goods. The convex PP curve has important implications for economic analysis, including comparative advantage, trade, and economic growth.

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usually ppc is concave but when marginal opportunity cost us decreasing

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well acc to me ppf can be convex to the origin if MRT is decreasing i.e less and less units of a commodity are sacrificed to gain an additional unit of another commodity.hence in such case,PPF will be convex shaped curve.

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When less less units of a commodity sacrifice to obtained one more unit of additional commodity then ppc is convex

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when there is downward marginal opportunity cost...as change in y /change in x is in decreasing order....

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When moc is decreasing

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swayam

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when MRT is decreasing

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when oppartunity cost decreases

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when mrt is decreasing

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when MOC increases

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ppc curve is convex when MOC is decreasing which is not possible

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when moc (marginal opportunity cost) is decreasing

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when mrt is increasing

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