It is because resources like labor or capital must be relocated to produce weapons. In other words, an economy producing only weapons and food can only increase its weapons output by reducing its food output. Under the assumption of fixed technological level, full employment and full efficiency.
PIZZA in thousands. The PPC curve shown in the graph is constructed using the above data. Time Tables Advertisement Remove all ads. Why is Production Possibilities Curve concave? Solution Show Solution The production possibility curve is concave to the point of origin because to produce each additional unit of Good X, more units of Good Y will have to be sacrificed than before. Report Error Is there an error in this question or solution? Share 0. Select a course. My Profile.
What is the shape of PPC? What are the properties of production possibility curve? Is production possibility a curve? What is production possibility curve with diagram?
What is production possibility curve Class 11? What does PPC mean? What are the types of production possibility curves? Can the production possibility curve for the economy be linear? What is a good PPC?
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