Answer:
PPF is a curve showing different possible combinations of two goods which can be produced with the available resources. The main characteristics of PPF are: (a) PPF always slopes downward from left to right: PPF has a negative slope which implies that more than one good can be produced only by loss of another good. (b) PPF is concave to the origin: The PPF is concave to origin shows the tendency of increasing MRT.
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