Which of the following is a feature of the production possibility frontier?
A. It shifts inward with technological progress
B. Points inside the frontier are unattainable
C. It is always a straight line
D. It is concave to the origin under increasing opportunity costs
Answer: Option D
Solution (By JKSSB Mock Tests)
The PPF is typically concave to the origin, reflecting increasing opportunity costs as more of one good is produced by reallocating resources from the other good.
No comments yet. Be the first to start the discussion!