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Introduction of Micro-Economics — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsIntroduction of Micro-Economics1 Mark
Question
Production possibility curve is concave to the origin due to:
  1. Decreasing MRT.
  2. Increasing MRT.
  3. Constant MRT.
  4. Zero MRT.
✓

Answer

  1. Increasing MRT.

Explanation:

Production possibility curve is concave to the origin because of increasing MRT, i.e. increasing marginal opportunity cost which implies that for producing an additional unit of a good, sacrifice of units of other good goes on increasing.

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