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MICROECONOMICS CH : 2 CENTRAL PROBLEMS OF AN ECONOMY — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 2 CENTRAL PROBLEMS OF AN ECONOMY1 Mark
Question
PPC is concave to the origin. What does it indicate?
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Answer

It indicates that, as resources are shifted from Opportunity-1 to Opportunity-2, marginal opportunity cost tends to rise.

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