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Why is ppc bowed out?

Updated: 4/28/2022
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Wiki User

14y ago

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hey-- its the law of increasing costs. as you make one thing, your opportunity cost increases because you cannot make the other. therefore, the more of one thing you make, the larger the cost will be because you cannot make the other. therefore, the shape of the production possibilities curve is bowed out.

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14y ago
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