The Production Possibility Frontier is generally,

1.	The Production Possibility Frontier is generally,
Answer» <html><body><p>Convex Shaped Downward Sloping <br/><a href="https://interviewquestions.tuteehub.com/tag/concave-927978" style="font-weight:bold;" target="_blank" title="Click to know more about CONCAVE">CONCAVE</a> Shaped Downward Sloping <br/>Either (a) or (<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a>)<br/>Neither (a) nor (b) </p>Solution :B. We normally draw a PPF on a diagram as concave to the origin i.e. as we move down the PPF, as more <a href="https://interviewquestions.tuteehub.com/tag/resources-11387" style="font-weight:bold;" target="_blank" title="Click to know more about RESOURCES">RESOURCES</a> are allocated towards Good Y the extra output gets smaller – so more of Good X has to be given up in <a href="https://interviewquestions.tuteehub.com/tag/order-1138220" style="font-weight:bold;" target="_blank" title="Click to know more about ORDER">ORDER</a> to produce Good YThis is an explanation of the law of diminishing returns and it occurs because not all factor inputs are equally suited to producing items</body></html>

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