Hi Everyone, In this video I show a way to calculate opportunity cost when we are given information about production possibilities.
I find that it's useful for my students, hope that it's useful for you!
Other Videos that might help in this topic:
Drawing PPF's: https://youtu.be/qmGwf8uaTSE
Demonstrating Gains from Specialisation: https://youtu.be/aGndGooJ3H0
Why the slope of PPF is equal to Opportunity Cost; https://youtu.be/gKxb0J0nzKM
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