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Earn +20 ptsQ: Is concave curved in or out?
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What is the difference straight ppf and concave ppf?
If the opportunity cost is constant, the PPF is a straight line; when the opp. cost of a good rises when it is produced more, then concave.
If production set is convex then production function is concave?
correct.
Why is the ppf concave to the origin?
because it has increasing opportunity costs
Why demand curve is horizontally curved?
Horizontal
Do you have a preference for concave or convex shapes when it comes to design aesthetics?
Some people prefer concave shapes for design aesthetics, while others prefer convex shapes. It ultimately depends on personal preference and the specific design context.
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