PPCs for increasing, decreasing and constant opportunity cost | AP Macroeconomics | Khan Academy
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Production possibility curves for increasing, decreasing and constant opportunity cost.
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AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us!
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Пікірлер: 53
All this years of doing economics, this is the best explanation!
thanks for the clear explanation! you should be my economics teacher.
@GorgonDrageil
4 жыл бұрын
Nice name
Your explanation was outstanding . Thanks a lot sir
This video helped me so much !!
Very helpful!
This explanation really helping me a lot...Thank you very much😇
Thank you for this video!
Loved the way you explained. Thank you!
@Bombchubowling
3 жыл бұрын
You demon lol
this channel is a gold mine
Thx really helpful for me
Teacher thanks this is useful lesson for me
I am here enjoying my online grade 12 economics class and I hope to succeed highly because Khan academy they are superb
Thank you so much
Appreciate you
Muito bom... poderia traduzir para português Brasil.
Thankyou😭❤️
thanks
Keep going
Thank you for helping me FINALLY wrap my head around this concept. I would like this video twice.
@aterribleyoutuber9039
3 жыл бұрын
Nice name
@GorgonDrageil
3 жыл бұрын
@@aterribleyoutuber9039 Thanks. You too.
Nice
omg ur the best 😭😭
That last chart is basically time spent on an assignment vs grades.
2:28 was actually funny. 😂
Has square anything to do with this?
What will the graph look like when you have just two combinations say 4 units and 5 units of each product
So is it correct to say that it depicts constant , diminishing and increasing returns to scale
Hi
2nd rabbit takes more time to catch, so that is what is causing the increased opportunity cost.
Why increasing opportunity cost Why decreasing opportunity cost And why constant opportunity i having trouble to understand it can someoneexplain please
Notes
@bradendredge6809
3 жыл бұрын
The more time away from family, the less your family trusts you. That’s a hard application of increasing opportunity cost.
@bradendredge6809
3 жыл бұрын
But with every new project I get at work, though the time expenditure is great in the beginning, I improve at it with each attempt. And each attempt requires less time than the one before, resulting in a decreasing opportunity cost.
Im first
why is it harder to catch the second rabbit?
@grigoriyefimovichrasputin7897
4 жыл бұрын
Because you are weighed down by the other rabbit you are carrying?
@joshuawang8529
4 жыл бұрын
because missing rabbit has made the rest rabbits warier and less easy to catch
@grigoriyefimovichrasputin7897
4 жыл бұрын
@@joshuawang8529 both
@jadon_s.s
4 жыл бұрын
Rabbit and Berries is just an example. What is important is to understand the concept of PP-curve and what it tells about opportunity cost. That if you want more of one thing, you will have less of something else. And this variation can take place in 3 ways: Constant, Increasing, Decreasing.
@palakmunjal
3 жыл бұрын
@@jadon_s.s but why does MOC goes on increasing? I mean why we are ready to sacrifice more and more of berries. Because as per the logic, marginal significance of berries should increase as the stock of berries is decreasing, then why the individual is ready to sacrifice more and more of berries just to get that same unit of rabbit?
You are spending more berries for catching 1 additional rabbit, so here it seems berries are input to produce rabbit. That makes it marginal cost right? I am not clear about it. :(
Divorce mal!!!!!!
Poor rabbits... Sick example
@EloquenceTV
5 жыл бұрын
are you actually serious? youre feeling some type of way over an economics example? what a soft world we live in today smh
@whomstdve2374
4 жыл бұрын
@@EloquenceTV hes prolly joking lmfao chill