Kelannu1 Kelannu1
  • 20-08-2021
  • Business
contestada

Why do production possibilities curves slope down from left to right?​

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mykarenclark
mykarenclark mykarenclark
  • 20-08-2021

Answer:The downward sloping nature of the PPC is due to the law of increasing opportunity cost. According to this law, with the fuller utilisation of the given resources, in order to produce an additional unit of one good, some of the resources are to be withdrawn from the production of another good.

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