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What is ppc concave? |
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Answer» hello dear❤❤❤❤❤❤❤❤ ✌✌hope ANSWER is helpful for you✌ ###go on❤❤ ask more questions☺☺☺☺☺ ##ANSWER##↡↡↡↡↡↡↡↡↡↡↡↡↡↡↡↡↡↡ PPC is CONCAVE to the origin because of increasing Marginal opportunity COST. This is because inorder to increase the PRODUCTION of one good by 1 unit more and more units of the other good have to be sacrificed since the resources are limited and are not equally efficient in the production of both the GOODS. |
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