The change in potential production over the two periods would be represented by a shift from P1 to P2.ORDiminishingA Production Possibility Curve (PPC) would be convex to the origin, ifMarginal Opportunity Cost (MOC) is diminishing.

Q. 24.0( 1 Vote )

In the given figu

Class 12th Economics - Board Papers

Answer :

The change in potential production over the two periods would be represented by a shift from P₁ to P_2.

Diminishing

A Production Possibility Curve (PPC) would be convex to the origin, if

Marginal Opportunity Cost (MOC) is diminishing.

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