Slope of production possibility curve is?
Question: Slope of production possibility curve is?
The slope of the production possibility curve represents the opportunity cost of producing one good in terms of the other. It measures the amount of one good that must be given up to produce an additional unit of the other good. The slope is negative, indicating that as the quantity of one good produced increases, the quantity of the other good produced decreases. The steepness of the slope reflects the degree of specialization or tradeoff between the two goods. A steeper slope implies a higher opportunity cost and a greater tradeoff between the two goods.
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