Assumptions to determine the PPC is:
Chat with our AI personalities
no
Yes, they do.
The PPF is bowed outwards (concave to the origin) as tradeoffs between the production of any two goods are constant.
other names for production possibility curve are: production possibility boundary production possibility frontier transformation curve.
Because when one produces one product, the opportunity cost of the other product increases i.e. the concave represents the increasing opportunity cost with the production of a good.