MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Law of Diminishing Returns

what does moc...

Question

what does moc along with ppc mean?

Open in App

Solution

Marginal opportunity cost is the slope of PPC. The slope of PPC shows for the production of every additional unit of one good, more and more units of other good has to be sacrificed.

Suggest Corrections

thumbs-up

0

Similar questions

What does the movement from one point to another along a PPC show?

Q. Does it mean that the level of our PPC could be higher than what it is now?

What does slope of PPC show?

Q. Mock means _____________________ .

Q. If the slope of PPC remains constant (or does not change) with an increase in the production of Good-X (on horizontal axis) at the cost of Good-Y (on vertical axis), what is the shape of PPC? Draw the PPC.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Total, Average, and Marginal Product

ECONOMICS

Watch in App

explore_more_icon

Explore more

Law of Diminishing Returns

Standard XI Economics

Join BYJU'S Learning Program

CrossIcon