microeconomics
The Production Possibilities Curve (PPC) Explained | Think Econ
The PPC Explained | Think Econ
In this video we explain go over a sample homework problem which looks at how 5 different positive and negative economic shocks shift and pivot a PPF / PPC!
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Production Possibilities Curve (PPC) Review | Think Econ
In this video we explain what the Production Possibilities Curve/Frontier (PPC or PPF) is, as well as demonstrate how it relates to other key concepts such as scarcity, trade offs, opportunity cost, efficiency, etc. This is the first graph you are going to learn in your economics class, so we hope you find this video helpful!
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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!
This channel is just getting started so if you enjoyed the content, let us know by liking, commenting, sharing, and subscribing to the channel; it really helps us out. ALOT. We release weekly videos on Thursdays covering all things ECONOMICS!
If you have a great idea that you’d like featured, let us know in the comment section.
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Drawing a Joint Production Possibility Frontier (PPF / PPC)
Hi everyone! In this video I demonstrate drawing a joint Production Possibility Frontier (or sometimes PPC) which includes a kink.
Please see the related video on calculating opportunity cost: https://youtu.be/OAs8K38VEZA
I hope that the video helps your study!
Please like and subscribe!
How to draw a PPF or PPC
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.
Introduction to microeconomics | PPC : production possibility curve | Economics | class 11 | part 4
Introduction to microeconomics | PPC : production possibility curve | Economics | class 11 | part 4
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