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why PPC curve is concave ?
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why PPC curve is concave ?
or in othr words. if use of good 1 is mor thn it means non availablity for good 2. thats why it is concave
Community Answer
why PPC curve is concave ?
well ppc is concave shaped bcz of increasing marginal rate of transformation (MRT) i.e more and more units of one commodity are sacrificed to gain an additional unit of another commodity.
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why PPC curve is concave ?
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