Question
Giving reason comment on the shape of Production Possibilities curve based on the following schedule:
| Good X (Units) | 0 | 1 | 2 | 3 | 4 |
| Good Y (Units) | 10 | 9 | 7 | 4 | 0 |
Solution
| Good X (units) | Good Y(units) | MRT |
| 0 | 10 | - |
| 1 | 9 | 1Y : 1X |
| 2 | 7 | 2Y : 1X |
| 3 | 4 | 3Y : 1X |
| 4 | 0 | 4Y : 1X |
