The diagram on the left shows the production possibility curve.
Why is it that shape?
If efficiency improves then does the curve shift outwards?
What if workers, working at their maximum efficiency now INVENT a better way of working - thus they are past their previous maximum efficiency. Does the curve then shift outwards?
What if the curve was concave - or simply a straight line?
MCQ Walkthrough 9708/32 (India) (Q21 - Q30)
2 months ago