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when we say a curve is concave or convex to origin ..what does it mean

Hi Gaurav,

Good attempt by Komal and Sarabjeet. However, for detailed knowledge follow the below mentioned links.

https://www.meritnation.com/ask-answer/question/production-possibility-curve-is-concave-to-the-origin-expl/economics/4298055

https://www.meritnation.com/ask-answer/question/can-a-ppc-show-a-convex-curve-explain/production-and-costs/7426101


​Keep Posting!!
 

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curve in concave when marginal opportunity cost increases and curve is convex when marginal opportunity cost decreases..

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If we recall the convex and concave miror structures and copare them to this we can say that the curve is convex to the origin i.e. open to the right hand side .

Also since it is downward sloping the convexity remains the same at each and every point.

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