Question

Why is ppc can never be upward sloping?

Why is ppc can never be upward sloping?

Homework Answers

Answer #1

A production possibility curve shows the various combinations of goods which can be efficiently produced with the given amount of resources.The whole concept revolves around opportunity cost.The downward sloping production possibility curve shows combinations of goods which can be produced by giving up the production of the other.

An upward sloping production possibility curve would suggest increasing quantities of both the commodities to be produced (with limited resources) which is not possible.

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