A country produces two goods : A and B.Its production possibilities ar – InterviewSolution

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A country produces two goods : A and B.Its production possibilities are shown in the following table. Calculate the values of MRT. Construct a PPF, with the help of given possibilities and discuss the shape of PPF.POSSIBILITIES A B C D E FGOOD A 0 1 2 3 4 5GOOD B 100 95 85 70 50 25

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Answer:

MRT;-;5;1 10;1 15;1 20;1 25;1 and PPF will be concave SHAPED)

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