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

  • @ThinkEcon
    @ThinkEcon2 жыл бұрын

    Check out our latest Community Poll: kzread.infocommunity to weigh in on which videos you'd like to see more of over the summer months! If you DEMAND it, we'll SUPPLY it!

  • @colinburgess4316
    @colinburgess4316 Жыл бұрын

    KZread videos always beat the textbook. Thanks for this.

  • @ThinkEcon

    @ThinkEcon

    Жыл бұрын

    You’re welcome!

  • @calmingarts2932
    @calmingarts29323 ай бұрын

    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?

  • @aatiftazwar6902
    @aatiftazwar6902 Жыл бұрын

    God I hate economics but I have to do it anyways

  • @itsaditi999.

    @itsaditi999.

    Жыл бұрын

    samesituation bro😅

  • @michaelazundanda5564

    @michaelazundanda5564

    Жыл бұрын

    👍

  • @christophermwape2847

    @christophermwape2847

    9 ай бұрын

    Hey my big am also doing Economics am from Zambia

  • @509muskanbansal9

    @509muskanbansal9

    9 ай бұрын

    By the way, I can make you expert in economics #cheggexpert

  • @noziphokhwela25

    @noziphokhwela25

    8 ай бұрын

    Same😂

  • @imnoora
    @imnoora10 ай бұрын

    Thanks for the video, explained very well and more simple than my textbook!

  • @ThinkEcon

    @ThinkEcon

    10 ай бұрын

    You’re very welcome! I’m glad you found the video helpful!

  • @yonaneffati3516
    @yonaneffati3516 Жыл бұрын

    tysm omg way more helpful than my 2 hour class haha

  • @ThinkEcon

    @ThinkEcon

    Жыл бұрын

    Glad to hear it!

  • @ArlenGriswold
    @ArlenGriswold10 ай бұрын

    you deserve a larger following..

  • @ThinkEcon

    @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!

  • @user-di7yf6nf3k
    @user-di7yf6nf3k6 ай бұрын

    you are a professional

  • @dumbuyapatrickm6360
    @dumbuyapatrickm636023 күн бұрын

    That's great of you. Thanks

  • @JoshuaKonga-zt6po
    @JoshuaKonga-zt6po Жыл бұрын

    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

    @ThinkEcon

    Жыл бұрын

    Thank you for the kind words! :)

  • @JoshuaKonga-zt6po

    @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

    @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!

  • @eilishfan1554
    @eilishfan15545 ай бұрын

    Thank you so much for taking your time to explain

  • @ThinkEcon

    @ThinkEcon

    5 ай бұрын

    You’re welcome! ☺️

  • @user-bn2my7wn1g
    @user-bn2my7wn1g2 ай бұрын

    God bless you and your family ❤

  • @etiquettefanatic5985
    @etiquettefanatic59854 ай бұрын

    This video was so helpful. Thanks a lot.

  • @ThinkEcon

    @ThinkEcon

    Ай бұрын

    You're welcome!

  • @sintayehusiyum8100
    @sintayehusiyum81006 ай бұрын

    Thanks so much again

  • @MovieHubTV1
    @MovieHubTV1 Жыл бұрын

    Very very helpful. Thank you so much Sir ❤

  • @ThinkEcon

    @ThinkEcon

    Жыл бұрын

    You’re welcome! ☺️

  • @kimkimdinar9113
    @kimkimdinar9113 Жыл бұрын

    its extremely helpful thanks so muchhh

  • @ThinkEcon

    @ThinkEcon

    Жыл бұрын

    You are very welcome!

  • @sounasalah1066
    @sounasalah10667 ай бұрын

    Thank you very much sir , u help me so much , But which operation i have to use for calulating the oppoertunity cost ?

  • @ZitingXu-md8vb
    @ZitingXu-md8vb7 ай бұрын

    Very helpful, very clear, better than my lecture

  • @ThinkEcon

    @ThinkEcon

    7 ай бұрын

    I'm glad to hear you found it helpful!

  • @cbell1739
    @cbell173910 ай бұрын

    Thank you!! Got it now

  • @ThinkEcon

    @ThinkEcon

    10 ай бұрын

    Glad to hear it!

  • @jihoonsavedme
    @jihoonsavedme3 ай бұрын

    Thank you so much. This means and helps me a lot

  • @ThinkEcon

    @ThinkEcon

    Ай бұрын

    I'm glad you found it helpful!

  • @georgenyumbu-pz4vs
    @georgenyumbu-pz4vs Жыл бұрын

    Easy explanation for anyone to understand

  • @ThinkEcon

    @ThinkEcon

    Жыл бұрын

    Glad you found it helpful!

  • @Explorz_1
    @Explorz_1Ай бұрын

    Thanks you so much !

  • @ThinkEcon

    @ThinkEcon

    Ай бұрын

    You're welcome!

  • @alirezaroodsari1869
    @alirezaroodsari18695 ай бұрын

    excellent presentation

  • @ThinkEcon

    @ThinkEcon

    5 ай бұрын

    Thank you!

  • @priyajoseph4662
    @priyajoseph46629 ай бұрын

    Omg u helped me so much thank you 😁❤

  • @ThinkEcon

    @ThinkEcon

    9 ай бұрын

    I'm glad to hear that!

  • @juweriainaali9042
    @juweriainaali90422 жыл бұрын

    Thanks it is so usefull

  • @ThinkEcon

    @ThinkEcon

    2 жыл бұрын

    We're glad you found it helpful :)

  • @robertortiz-wilson1588
    @robertortiz-wilson1588 Жыл бұрын

    Thank you!

  • @ThinkEcon

    @ThinkEcon

    Жыл бұрын

    You're welcome!

  • @fredrickadjei4228
    @fredrickadjei4228 Жыл бұрын

    Thank you very much Sirrrr

  • @ThinkEcon

    @ThinkEcon

    Жыл бұрын

    You're very welcome!

  • @pattycakes1146
    @pattycakes11464 ай бұрын

    Can you do a comparative advantage with the OC you got?

  • @roseb.5367
    @roseb.536710 ай бұрын

    Thank you ❤

  • @ThinkEcon

    @ThinkEcon

    10 ай бұрын

    You're very welcome!

  • @peternduati6008
    @peternduati60087 ай бұрын

    Well explained😊

  • @ThinkEcon

    @ThinkEcon

    7 ай бұрын

    Thank you 😊

  • @twinamasikokeneth.
    @twinamasikokeneth.6 ай бұрын

    THANKS

  • @charleskangwanda9922
    @charleskangwanda9922 Жыл бұрын

    Thanks a lot,it was really help I have question i need help with. How can i share it?

  • @ThinkEcon

    @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!

  • @Gpiforever1
    @Gpiforever16 ай бұрын

    It’s still difficult to do for me do you have the steps written down for our access

  • @kingsfordosei8057
    @kingsfordosei8057 Жыл бұрын

    Thanks

  • @ThinkEcon

    @ThinkEcon

    Жыл бұрын

    You're welcome!

  • @kinmanmak2447
    @kinmanmak2447 Жыл бұрын

    It are cool for me.

  • @ThinkEcon

    @ThinkEcon

    Жыл бұрын

    Nice!

  • @RoseyannaNoel-qh9hx
    @RoseyannaNoel-qh9hx5 ай бұрын

    What happens if you move from point B to point H? What is the calculation?

  • @hananmekonen709
    @hananmekonen7092 жыл бұрын

    How opportunity cost calculate with float cost

  • @RoseyannaNoel-qh9hx
    @RoseyannaNoel-qh9hx5 ай бұрын

    What happens if you move from D to G?

  • @chido5038
    @chido5038Ай бұрын

    😍

  • @Oro_Teach
    @Oro_Teach Жыл бұрын

    . 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

    @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.

  • @goldinnocent7225
    @goldinnocent7225 Жыл бұрын

    how did you get 150 na?

  • @ThinkEcon

    @ThinkEcon

    Жыл бұрын

    I'm not really sure what you're asking me, sorry

  • @GiftMumba-de1ug

    @GiftMumba-de1ug

    10 ай бұрын

    He got the 150 by subtracting 650 from 800.

  • @carloxavier8378
    @carloxavier8378 Жыл бұрын

    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

    @carloxavier8378

    Жыл бұрын

    My Mid Test is tommorow, please answer immediately. I beg u Anyway, thanks for the explanation

  • @ThinkEcon

    @ThinkEcon

    Жыл бұрын

    Yes, that's correct!

  • @carloxavier8378

    @carloxavier8378

    Жыл бұрын

    @@ThinkEcon u save my life :)

  • @ThinkEcon

    @ThinkEcon

    Жыл бұрын

    @@carloxavier8378 Wow, that's some high stakes econ ;) Glad I could help

  • @CharlieKRUSE-kn7fv
    @CharlieKRUSE-kn7fvАй бұрын

    skibidi rizz

  • @cakoe.

    @cakoe.

    Ай бұрын

    facts

  • @user-hj6zh2qj6d
    @user-hj6zh2qj6d6 ай бұрын

    why you trick me😢😢😢

  • @pattycakes1146
    @pattycakes11464 ай бұрын

    Threw me off by not doing E

  • @annablue1237
    @annablue1237 Жыл бұрын

    A ridiculous amount of ads. Too driven by money.

  • @ThinkEcon

    @ThinkEcon

    Жыл бұрын

    You’ll have take that up with KZread, unfortunately. I don’t control the ad spots on this channel :/

  • @colinburgess4316

    @colinburgess4316

    Жыл бұрын

    Appropriate for a lesson in econ.