Use the PPC to illustrate scarcity, choice, constant opportunity costs, and the law of increasing marginal opportunity cost.
-Draw a concave PPC. Label two points on this diagram and how these points are consistent with the law of increasing opportunity costs.

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The Answer of Use the PPC to illustrate scarcity, choice, constant opportunity costs, and the law of increasing marginal opportunity cost.
-Draw a concave PPC. Label two points on this diagram and how these points are consistent with the law of increasing opportunity costs.

Use the PPC to Illustrate Scarcity, Choice, Constant Opportunity Costs