Register
Why PPC is concave and IC is convex????
82.2k views
19 votes
Why PPC is concave and IC is convex????

User Frakcool
by
4.0k points

1 Answer

5 votes

Answer: Because of the growing marginal rate of transformation, PPC has a concave shape. It means that more and more units of one commodity are sacrificed in order to obtain an extra unit of another. Because of the diminishing marginal rate of transformation, PPC has a convex shape.

User Emad Amien
by
3.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.7m questions

4.8m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Stevenson Company purchased equipment for $250,000 on January 1, 2010. The estimated salvage value is $50,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation.
In order to attract younger customers to the Lacoste brand of clothing, CEO Robert Siegel made all of the major decisions in product planning, distribution, and promotion. He asked for no input from his
Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. what is his best option for affording a bachelors degree
The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches of stir-fry. Customers have only one choice during the lunch hour so that
Link Copied!