Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
459 views
in Physics by (65.0k points)

Why is Production Possibilities Curve concave? Explain.

1 Answer

+1 vote
by (49.2k points)
selected by
 
Best answer

A Production Possibility Curve (PPC) or Production Possibility Frontier (PPF) shows various combinations of the bundles of two goods that can be produced by taking resources available for production as given. There is an inverse relationship in quantity produced of both goods, i.e. more of one good can be produced only by reducing the amount produced of other good.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...