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What does concavity of PPC indicate?

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Question

What does concavity of PPC indicate?

Very Short Answer
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Solution

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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Chapter 1: Introduction - OBJECTIVE QUESTIONS [Page 1.43]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 1 Introduction
OBJECTIVE QUESTIONS | Q 44. | Page 1.43
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