CBSE Class 11-commerce Answered
Can ppc be covex or straight line ?
Asked by sahilsinghjaat0987 | 11 Feb, 2019, 05:33: PM
Expert Answer
PPF can be a straight line if we assume that MRT is constant.
This means that the same or equal amount of a commodity is sacrificed to gain additional unit of another commodity.
PPF can be convex to the origin if MRT is decreasing.
This means that less and less units of a commodity is sacrificed to gain an additional unit of another commodity
Answered by Christina | 11 Feb, 2019, 05:56: PM
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