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Econ Info Movie - Opportunity Cost and PPF Model

Added Jan 24, 2017 •

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opportunity cost if you keep talking to understand the economics opportunity cost is the most desirable alternative given up as a result of a decision example of this is that quote if a family member buys computer family members cannot use them see money to pay for their second choice going on a trip and quote the quote explains that money can you go to a computer or a family trip which shows an example of an opportunity cost ordinary decision that we make everyday involves an opportunity pause and quote always has an opportunity cost attached to understand economics one must understand opportunity cost that comes with decision production possibilities curve shows ways easy condoms resources the curve shows all the possibilities of production between two goods or services quote how effective economy is weather in economy has grown a shark and the opportunity cost of a decision to produce more of one good and these curves can show all types of information regarding items on graph shows combination of both shoes and water Anaconda specific example watermelon issues are the two goods and the curve shows the combinations of watermelon issues that can produce a production where is crap is necessary to understand how the climate produces goods and services and how much

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Econ Info Movie - Opportunity Cost and PPF Model

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