Advertisements
Advertisements
प्रश्न
Which of the following statement is false?
पर्याय
PPC slopes downwards.
PPC is concave.
PPC slopes upwards.
None of these
MCQ
उत्तर
PPC slopes upwards.
Explanation:
Properties of PPC:
PPC has two basic characteristics or properties:
PPC slopes downwards: It slopes downward from left to right because producing more of one good requires diverting resources from the production of another.
PPC is concave shaped: PPC has a concave shape due to increasing MRT, which means that more and more units of one commodity are sacrificed to gain one unit of another.
shaalaa.com
Concepts of Production Possibility Frontier
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
