How to Calculate Opportunity Cost Using PPC | Econ Homework | Think Econ
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- Опубликовано: 16 июл 2024
- 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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RUclips videos always beat the textbook. Thanks for this.
You’re welcome!
Thank you for explaining the ppc/ppf very well. Why do you need to work out the opportunity cost separately for :
A to B
B to C
C to D
D to C
Why do we need to work out the difference between the 2 different points before dividing these 2 values together to work out the opportunity cost? Why can we flip the C to D in order to work out D to C points on the graph?
Thanks for the video, explained very well and more simple than my textbook!
You’re very welcome! I’m glad you found the video helpful!
tysm omg way more helpful than my 2 hour class haha
Glad to hear it!
you deserve a larger following..
I'll take that as a compliment, and appreciate it :) Feel free to share any of my videos to friends you may have in econ class that you think will find them helpful!
you are a professional
Thank you for the explanation. I really appreciate it and now I understand the way to calculate opportunity costs. I'm happy to watch your new videos...🥰🥰🙏🙏🥰🥰❤❤
Thank you for the kind words! :)
@@ThinkEcon look, I've had this economic assignment and I didn't know the answer to the question on opportunity costs until I watched your video. The lecture wasn't that of a great teacher than you. Your video help me complete my assignment tonight. Thank you 😊 💓. Looking forward for your next video....
@@JoshuaKonga-zt6po I'm really glad to hear that. Economics can be a tough subject, and the whole point of this RUclips channel is to make it easier for students!
God I hate economics but I have to do it anyways
samesituation bro😅
👍
Hey my big am also doing Economics am from Zambia
By the way, I can make you expert in economics #cheggexpert
Same😂
That's great of you. Thanks
Thank you so much for taking your time to explain
You’re welcome! ☺️
This video was so helpful. Thanks a lot.
You're welcome!
God bless you and your family ❤
Thanks so much again
its extremely helpful thanks so muchhh
You are very welcome!
Thank you very much sir , u help me so much , But which operation i have to use for calulating the oppoertunity cost ?
Very very helpful. Thank you so much Sir ❤
You’re welcome! ☺️
Thank you!! Got it now
Glad to hear it!
Thank you so much. This means and helps me a lot
I'm glad you found it helpful!
Thanks you so much !
You're welcome!
Thank you!
You're welcome!
Very helpful, very clear, better than my lecture
I'm glad to hear you found it helpful!
Omg u helped me so much thank you 😁❤
I'm glad to hear that!
THANKS
Easy explanation for anyone to understand
Glad you found it helpful!
Thanks it is so usefull
We're glad you found it helpful :)
excellent presentation
Thank you!
Can you do a comparative advantage with the OC you got?
Thank you ❤
You're very welcome!
Thank you very much Sirrrr
You're very welcome!
Well explained😊
Thank you 😊
It’s still difficult to do for me do you have the steps written down for our access
Thanks
You're welcome!
How opportunity cost calculate with float cost
Thanks a lot,it was really help
I have question i need help with.
How can i share it?
I'm glad you found it helpful! Feel free to copy the link and post it or send it to any of your friends who may find it helpful! There is also a share button under the video!
What happens if you move from point B to point H? What is the calculation?
It are cool for me.
Nice!
What happens if you move from D to G?
😍
Execus me Sir I need to check my answer ... to calculate opportunity cost from A to B .. y axis from 110 to 70 and x axis from 60 to 100 .. the answer will be 1 or -1 ??
In your example it would be 1.
. Define opportunity cost. And what is opportunity cost of A commuter taking the train to work instead of driving. It takes 70 minutes on the train, while driving takes 40 minutes.
Military goods. Consumer goods
100. 15
75. 30
50. 45
We have a whole other video defining Opportunity Cost. This particular video is just showing you how to calculate it on a PPF, which is an area a lot of students struggle in.
What if the question, what is the Opportunity Cost of 400 Pianos?
Is it like this?
To get 400 Pianos, you must give up 300 guitars.
My Mid Test is tommorow, please answer immediately.
I beg u
Anyway, thanks for the explanation
Yes, that's correct!
@@ThinkEcon u save my life :)
@@carloxavier8378 Wow, that's some high stakes econ ;) Glad I could help
skibidi rizz
facts
how did you get 150 na?
I'm not really sure what you're asking me, sorry
He got the 150 by subtracting 650 from 800.
why you trick me😢😢😢
Threw me off by not doing E
A ridiculous amount of ads. Too driven by money.
You’ll have take that up with RUclips, unfortunately. I don’t control the ad spots on this channel :/
Appropriate for a lesson in econ.