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How to Calculate Opportunity Cost Using PPC | Econ Homework | Think Econ

May 16, 2022 by Admin

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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How to draw a PPF or PPC

August 2, 2020 by Admin

In this movie we go over how to draw a PPF (production possibilities frontier) given information on various points from a table. The trick here is to take all of the information from the table and plot it value for value on the graph. This will give you a PPF also sometimes called a PPC (production possibilities curve) that shows all different possible combinations of goods/services that are possible with the given inputs.

More information is available at: http://www.freeeconhelp.com/2011/06/how-to-draw-ppf-production-possibility.html where more information including a description and images are kept.