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Production Possibility Curve - Coggle Diagram
Production Possibility Curve
Slopes of PPC
Convex
Decreasing Opportunity Cost
Law of Increasing Returns
Concave
Increasing Opportunity Cost
Law Of Diminishing Returns
Straight
Law of Constant Returns
Properties of PPC
Increasing Marginal Rate of Transformation
Downward Slope
It is concave to the origin
Optimum Utilization of Resources
Shift of PPC
X-Axis
Y-Axis
Leftward
Rightward
Shapes of PPC
Convex
Decreasing M.O.C.
Straight
Constant M.O.C
Concave
Increasing M.O.C.