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OpenStudy (anonymous):
PPC shows economy which uses two factor input, capital and labour. The amount of capital allocated to both X and Y are fixed. Why does the PPC bowed outwards? A. decreasing opp cost B. Diminishing returns C. Diseconomies of scale D. Economies of scale
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OpenStudy (anonymous):
i guess diseconomies of scale bcause ppc is bowed outward of increasing costs so doc means that costs rise...
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