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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[@yolow69]

thanks for the clear explanation! you should be my economics teacher.

[@GorgonDrageil]

Nice name

[@ilovepewds2956]

All this years of doing economics, this is the best explanation!

[@tanishs7506]

Your explanation was outstanding .
Thanks a lot sir

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[@diptiraj24]

Loved the way you explained.
Thank you!

[@Bombchubowling]

You demon lol

[@thestudybuds8538]

Very helpful!

[@nielia8170]

This video helped me so much !!

[@Fareeha2332]

Thank you for this video!

[@muhammadyacoub3938]

Excellent explanation!

[@simpliciocarvalho2036]

Muito bom... poderia traduzir para português Brasil.

[@userlogin7168]

Thx really helpful for me

[@user-em4vq5cy4x]

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[@hashimmohamud2922]

Teacher thanks this is useful lesson for me

[@GorgonDrageil]

Thank you for helping me FINALLY wrap my head around this concept. I would like this video twice.

[@aterribleyoutuber9039]

Nice name

[@GorgonDrageil]

@@aterribleyoutuber9039 Thanks. You too.

[@happydadeury]

Appreciate you

[@Experiment-qj1ow]

That last chart is basically time spent on an assignment vs grades.

[@arjanbaraku6281]

Thank you so much

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[@ivenellope3384]

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[@mhhqp8335]

thanks

[@hinahbashir]

So is it correct to say that it depicts constant , diminishing and increasing returns to scale

[@azabuhakih8099]

What will the graph look like when you have just two combinations say 4 units and 5 units of each product

[@Kamal-mf3of]

Nice

[@quratulainmumtaz9837]

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[@fourthinternationalist_1917]

Has square anything to do with this?

[@namecannnotbeblank]

2:28 was actually funny. 😂

[@ugustparreangel887]

opportunity cost = given allocations of scarce ressources changes production output to gain other variable
allocations of scarce ressources changes production output:
*constant = no loss allocating
*increasing oc. = easy to hard
*decreasing oc. = hard to easy

[@divyarout14]

Hi

[@HeidiFlanagan]

2nd rabbit takes more time to catch, so that is what is causing the increased opportunity cost.

[@jem4730]

Why increasing opportunity cost
Why decreasing opportunity cost
And why constant opportunity i having trouble to understand it can someoneexplain please

[@divyarout14]

Im first

[@bradendredge6809]

Notes

[@bradendredge6809]

The more time away from family, the less your family trusts you. That’s a hard application of increasing opportunity cost.

[@bradendredge6809]

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.

[@pranavharshan6119]

why is it harder to catch the second rabbit?

[@grigoriyefimovichrasputin7897]

Because you are weighed down by the other rabbit you are carrying?

[@joshuawang8529]

because missing rabbit has made the rest rabbits warier and less easy to catch

[@grigoriyefimovichrasputin7897]

@@joshuawang8529 both

[@jadon_s.s]

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]

@@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?

[@ziadmahmud3049]

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. :(

[@mulimotola44]

Poor rabbits... Sick example

[@EloquenceTV]

are you actually serious? youre feeling some type of way over an economics example? what a soft world we live in today smh

[@whomstdve2374]

@@EloquenceTV hes prolly joking lmfao chill

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