Why is a PPF curved instead of straight?

0 views

I dislike this

Related questions

  1. Why production possibility curve is convex?
  2. Why is PPF convex?
  3. What is the shape of PPC?
  4. What shifts the PPC outward?
  5. What is PPC curve in economics?
  6. What do points on the PPC represent?
  7. Can two PPC intersect each other?
  8. What causes the production possibilities curve to shift outward?
  9. Why PPC is also called transformation curve?
  10. Is PPC concave or convex?

Tags

  1. #shape
  2. #returns
  3. #curved
  4. #relative
  5. #goods
  6. #slope
  7. #contrast
  8. #constraint
  9. #prices
  10. #given
  11. #diminishing
  12. #straight
  13. #because
  14. #first
  15. #budget