Decreasing Opportunity Costs in the PPC Model

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The shape of a production possibilities curve tells us how the opportunity cost of a good changes as output of that good increases. If the PPC is bowed inwards towards the origin, then the opportunity cost of a good decrease as its output increases. This lesson explains and illustrates how and why this might happen.

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Thanks Jason! I feel like superman re-acquiring my economics skills so easily.

richardgordon
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BROOOO IT'S FUCKING 1 AM AND U LITERALLY SAVED ME ON MY ECON HOMEWORK YOU ARE THE BEST!!!

pinkkimchi
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My classmate and I had argued how we will study economic. He argues for the book and I argue for the Videos you've made. It was later that we found out that the Book and the Video are written and created by Jason Welker XD.

DeltaDoubleZero
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Doesn't the PPC display the production possibilities when technology and resources are fixed and unchaning?

anshulkhandelwal
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Please explain in details I understood your other video but I don't understand this one

ihionuadanze
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Sir if we increase the production of mobiles then what will happen to opportunity cost

romeoreb
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What is the reason for decreasing oppertunity cost?

samakalasan
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In 1981 an IMB PC cost $10, 000 in 1981 dollars - not 2016 dollars!

edwinrelf
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please slow down when explaining english is a little bit difficult

khalofacts
welcome to shbcf.ru