{"id":174193,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/explain-why-production-possibility-curve-is-concave"},"modified":"2018-10-24T09:13:15","modified_gmt":"2018-10-24T09:13:15","slug":"explain-why-production-possibility-curve-is-concave","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/explain-why-production-possibility-curve-is-concave\/","title":{"rendered":"Explain why production possibility curve is concave?"},"content":{"rendered":"<p>Because of increase in MRS&#8230;i.e Marginal Rate of Substitution.<\/p>\n<p>MRS is a process which says,&#8221;the amount of Good Y a consumer is willing to give up for one more unit of Good X.&#8221; It is measured as=change in good Y\/ change in good X<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Because of increase in MRS&#8230;i.e Marginal Rate of Substitution. MRS is a process which says,&#8221;the amount of Good Y a consumer is willing to give up for one more unit of Good X.&#8221; It is measured as=change in good Y\/ <a href=\"https:\/\/www.benedictsol.com\/blogs\/explain-why-production-possibility-curve-is-concave\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-174193","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/174193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=174193"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/174193\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=174193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=174193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=174193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}