EduFarming
Your list · 0हिं

Type at least two letters. Press Esc to close.

↑↓ navigate↵ openTAB cycle filter

Central Problems & the PPC · Question 49 of 87

Question 49

HardOriginal question

Assertion (A): A PPC is convex to the origin.

Reason (R): The marginal rate of transformation rises along a PPC.

Options for question 49

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. A rising MRT makes the PPC concave (bowed out) to the origin, not convex, so A is false.

  2. R is the standard reason for the PPC's shape and is true.

Worth noting

Convex to the origin describes an indifference curve, which has a falling MRS.

Concept
Concave, not convex
Typical time
100 s
Your time
—
The rule this testsThe production possibility curve
Practise this chapter →

Ten questions from Central Problems & the PPC, at your own pace.

Practise this chapter →

Ten questions from Central Problems & the PPC, at your own pace.