Q4 please a
Dear Student,
Nature of PPC in this case :-
PPC is Convex :- This is because MOC/MRT is decreasing in this case.
PPC is Downward / Negative Slopping :- Because if we produce more quatity of one good then we have to decrease quantity of second good, as resources are limited.
Regards
| Apple | Wheat | MRT/MOC |
| 0 | 160 | - |
| 10 | 110 | 50 |
| 20 | 70 | 40 |
| 30 | 40 | 30 |
| 40 | 20 | 20 |
| 50 | 10 | 10 |
| 60 | 5 | 5 |
Nature of PPC in this case :-
PPC is Convex :- This is because MOC/MRT is decreasing in this case.
PPC is Downward / Negative Slopping :- Because if we produce more quatity of one good then we have to decrease quantity of second good, as resources are limited.
Regards