The production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology. Sometimes called the production …

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In this video, Sal explains how the production possibilities curve model can be used to illustrate changes in a country's actual and potential level of output. Concepts covered include efficiency, inefficiency, …

In this article, you’ll get a quick review of the production possibilities curve (PPC) model, including: 1. what it’s used to illustrate 2. key elements of the model 3. some examples of questions that can be …

- The shape of the PPF indicates whether there are constant, increasing, or decreasing opportunity costs of production. - Economic growth is represented by a shift outward of the entire PPF curve, …

Based on the data that we have in this table that we constructed in the last video and maybe this curve, think about what the opportunity cost is in the different scenarios.

Based on the data that we have in this table that we constructed in the last video and maybe this curve, think about what the opportunity cost is in the different scenarios.

The production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology. Sometimes called the production …

And so whenever you see a bow-shaped curve like this, so a curve that literally looks like this, this shows that you have increasing opportunity costs. As you increase more and more units, you're …

In this lesson summary, review the key concepts, key terms, and key graphs for understanding opportunity cost and the production possibilities curve.