Production Possibility Curve Economics JavaScript HTML5 Applet Simulation Model
Production Possibility Curve Economics HTML5
Opportunity Cost of one more video
Opportunity Cost of more hats
https://www.youtube.com/watch?v=O6XL__2CDPU&t=70s
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| http://iwant2study.org/ospsg/index.php/interactive-resources/835 Direct Link |
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| production at the inefficient point |
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| production at the maximum efficient point |
Opportunity Cost of one more video
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| The opportunity cost of producing 1 more video from 0 video is 1 hat |
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| The opportunity cost of producing 1 more video from 1 video is 3 hats |
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| The opportunity cost of producing 1 more video from 2 video is 6 hats |
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| The opportunity cost of producing 1 more video from 3 video is 20 hats |
Opportunity Cost of more hats
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| The opportunity cost of producing 20 more hats from 0 hat is 1 video |
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| The opportunity cost of producing 6 more hats from 1 hat is 1 video |
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| The opportunity cost of producing 3 more hats from 2 hats is 1 video |
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| The opportunity cost of producing 1 more hat from 29 hats is 1 video |
https://www.youtube.com/watch?v=O6XL__2CDPU&t=70s