How to Calculate Opportunity Cost Using PPC | Econ Homework | Think Econ
In this video we explain go over a sample homework problem which looks at how we can calculate the opportunity cost of two goods just by looking at the related PPC / PPF!
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Пікірлер: 90
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KZread videos always beat the textbook. Thanks for this.
@ThinkEcon
Жыл бұрын
You’re welcome!
Thank you for explaining the ppc/ppf very well. Why do you need to work out the opportunity cost separately for : A to B B to C C to D D to C Why do we need to work out the difference between the 2 different points before dividing these 2 values together to work out the opportunity cost? Why can we flip the C to D in order to work out D to C points on the graph?
God I hate economics but I have to do it anyways
@itsaditi999.
Жыл бұрын
samesituation bro😅
@michaelazundanda5564
Жыл бұрын
👍
@christophermwape2847
9 ай бұрын
Hey my big am also doing Economics am from Zambia
@509muskanbansal9
9 ай бұрын
By the way, I can make you expert in economics #cheggexpert
@noziphokhwela25
8 ай бұрын
Same😂
Thanks for the video, explained very well and more simple than my textbook!
@ThinkEcon
10 ай бұрын
You’re very welcome! I’m glad you found the video helpful!
tysm omg way more helpful than my 2 hour class haha
@ThinkEcon
Жыл бұрын
Glad to hear it!
you deserve a larger following..
@ThinkEcon
10 ай бұрын
I'll take that as a compliment, and appreciate it :) Feel free to share any of my videos to friends you may have in econ class that you think will find them helpful!
you are a professional
That's great of you. Thanks
Thank you for the explanation. I really appreciate it and now I understand the way to calculate opportunity costs. I'm happy to watch your new videos...🥰🥰🙏🙏🥰🥰❤❤
@ThinkEcon
Жыл бұрын
Thank you for the kind words! :)
@JoshuaKonga-zt6po
Жыл бұрын
@@ThinkEcon look, I've had this economic assignment and I didn't know the answer to the question on opportunity costs until I watched your video. The lecture wasn't that of a great teacher than you. Your video help me complete my assignment tonight. Thank you 😊 💓. Looking forward for your next video....
@ThinkEcon
Жыл бұрын
@@JoshuaKonga-zt6po I'm really glad to hear that. Economics can be a tough subject, and the whole point of this KZread channel is to make it easier for students!
Thank you so much for taking your time to explain
@ThinkEcon
5 ай бұрын
You’re welcome! ☺️
God bless you and your family ❤
This video was so helpful. Thanks a lot.
@ThinkEcon
Ай бұрын
You're welcome!
Thanks so much again
Very very helpful. Thank you so much Sir ❤
@ThinkEcon
Жыл бұрын
You’re welcome! ☺️
its extremely helpful thanks so muchhh
@ThinkEcon
Жыл бұрын
You are very welcome!
Thank you very much sir , u help me so much , But which operation i have to use for calulating the oppoertunity cost ?
Very helpful, very clear, better than my lecture
@ThinkEcon
7 ай бұрын
I'm glad to hear you found it helpful!
Thank you!! Got it now
@ThinkEcon
10 ай бұрын
Glad to hear it!
Thank you so much. This means and helps me a lot
@ThinkEcon
Ай бұрын
I'm glad you found it helpful!
Easy explanation for anyone to understand
@ThinkEcon
Жыл бұрын
Glad you found it helpful!
Thanks you so much !
@ThinkEcon
Ай бұрын
You're welcome!
excellent presentation
@ThinkEcon
5 ай бұрын
Thank you!
Omg u helped me so much thank you 😁❤
@ThinkEcon
9 ай бұрын
I'm glad to hear that!
Thanks it is so usefull
@ThinkEcon
2 жыл бұрын
We're glad you found it helpful :)
Thank you!
@ThinkEcon
Жыл бұрын
You're welcome!
Thank you very much Sirrrr
@ThinkEcon
Жыл бұрын
You're very welcome!
Can you do a comparative advantage with the OC you got?
Thank you ❤
@ThinkEcon
10 ай бұрын
You're very welcome!
Well explained😊
@ThinkEcon
7 ай бұрын
Thank you 😊
THANKS
Thanks a lot,it was really help I have question i need help with. How can i share it?
@ThinkEcon
Жыл бұрын
I'm glad you found it helpful! Feel free to copy the link and post it or send it to any of your friends who may find it helpful! There is also a share button under the video!
It’s still difficult to do for me do you have the steps written down for our access
Thanks
@ThinkEcon
Жыл бұрын
You're welcome!
It are cool for me.
@ThinkEcon
Жыл бұрын
Nice!
What happens if you move from point B to point H? What is the calculation?
How opportunity cost calculate with float cost
What happens if you move from D to G?
😍
. Define opportunity cost. And what is opportunity cost of A commuter taking the train to work instead of driving. It takes 70 minutes on the train, while driving takes 40 minutes. Military goods. Consumer goods 100. 15 75. 30 50. 45
@ThinkEcon
Жыл бұрын
We have a whole other video defining Opportunity Cost. This particular video is just showing you how to calculate it on a PPF, which is an area a lot of students struggle in.
how did you get 150 na?
@ThinkEcon
Жыл бұрын
I'm not really sure what you're asking me, sorry
@GiftMumba-de1ug
10 ай бұрын
He got the 150 by subtracting 650 from 800.
What if the question, what is the Opportunity Cost of 400 Pianos? Is it like this? To get 400 Pianos, you must give up 300 guitars.
@carloxavier8378
Жыл бұрын
My Mid Test is tommorow, please answer immediately. I beg u Anyway, thanks for the explanation
@ThinkEcon
Жыл бұрын
Yes, that's correct!
@carloxavier8378
Жыл бұрын
@@ThinkEcon u save my life :)
@ThinkEcon
Жыл бұрын
@@carloxavier8378 Wow, that's some high stakes econ ;) Glad I could help
skibidi rizz
@cakoe.
Ай бұрын
facts
why you trick me😢😢😢
Threw me off by not doing E
A ridiculous amount of ads. Too driven by money.
@ThinkEcon
Жыл бұрын
You’ll have take that up with KZread, unfortunately. I don’t control the ad spots on this channel :/
@colinburgess4316
Жыл бұрын
Appropriate for a lesson in econ.