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Q.

The slope of the production possibility curve is _______.

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a

A straight line

b

Convex to the point of origin

c

None

d

Concave to the point of origin

answer is C.

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Detailed Solution

As per PPC, substitutes are a commodity to one another due to Resources Scaring, so marginal opportunity last increasing, which leads to a concave shape of PPC.

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