Why production possibility curve is convex?

Related questions

1. Why is PPF convex?
2. Why is the PPF bowed outward?
3. What is slope of PPC?
4. Why is PPC linear?
5. What is the difference between PPC and PPF?
6. Is PPC Convex to origin?
7. Can PPC be convex?
8. What is production possibility curve explain with diagram?
9. Why is the PPC curve concave?
10. What do points on the PPC represent?

Tags

1. #other
2. #economy
3. #curve
4. #housing
5. #convex
6. #while
7. #outward
8. #assumed
9. #produce
10. #resources
11. #capital
12. #possibility
13. #origin
14. #better
15. #equally
16. #because
17. #production