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Introduction of Micro-Economics — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsIntroduction of Micro-Economics1 Mark
MCQ
Production possibility curve is concave to the origin due to:
  • A
    Decreasing $\text {MRT.}$
  • ✓
    Increasing $\text {MRT.}$
  • C
    Constant $\text {MRT.}$
  • D
    Zero $\text {MRT.}$
✓

Answer

Correct option: B.
Increasing $\text {MRT.}$
Production possibility curve is concave to the origin because of increasing $\text {MRT}$, 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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