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What does concavity of PPC indicate?

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प्रश्न

What does concavity of PPC indicate?

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उत्तर

Concavity of PPC means that for every additional unit of one good produced, more and more units of another good is to be sacrificed.

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पाठ 1: Introduction - OBJECTIVE QUESTIONS [पृष्ठ १.४३]

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संदीप गर्ग Introductory Microeconomics [English] Class 11
पाठ 1 Introduction
OBJECTIVE QUESTIONS | Q 44. | पृष्ठ १.४३
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