2/22/2023 0 Comments Production possibilities curve![]() PPC is concave shaped because more and more units of one commodity are - to gain an additional unit of another commodity.The society has to decide what to produce out of an almost infinite range of possibilities due to : –.This is because no resource is equally efficient in the production of all goods. PPC is concave shaped – PPC is concave shaped because more and more units of one commodity are sacrificed to gain an additional unit of another commodity i.e.Therefore, PPC slopes downward from left to right. Therefore, more of one good can be produced only by taking resources from away from the production of another good.There exists an inverse relationship between the change in quantity of one commodity and the change in the quantity of another commodity. ![]()
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