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Opportunity Cost



what is opportunity cost? examples and some thoughts on linear and concave PPFs
     
Author   pajholden
Length   05:19
Rating   4.7225804
Views   48556
 
Tags   economics  holden  opportunity  cost  production  possibility  frontier  a-level  business  management  revision  



 

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DaveDoggOwns on (November 30, 1999 at 12:00 am)
Because there are fixed/variable costs one must pay off in order to start producing something. The work/play graph doesn't have to consider any extra fixed/variable costs.
iisnain on (November 30, 1999 at 12:00 am)
great stuff...brilliant...:)
MrBigbiggerbiggest on (November 30, 1999 at 12:00 am)
thnx great stuff
WSUCougsFTW on (November 30, 1999 at 12:00 am)
Great video, but one question. Why is the line sometimes curved and not always straight? What causes this? Is there a way to evaluate the dimension of this curve? It seems that one must know how much this curve is... curved, to make a good decision with opportunity cost.
FanzieBaby on (November 30, 1999 at 12:00 am)
THANK YOU!
almesserli22 on (November 30, 1999 at 12:00 am)
thanks sooo much!!!
maxlightmaxlight on (November 30, 1999 at 12:00 am)
Utterly Perfect =)
Apex174 on (November 30, 1999 at 12:00 am)
Great explanation. Thank you!
MrCockSlut on (November 30, 1999 at 12:00 am)
he draws lines very well
juliejo91 on (November 30, 1999 at 12:00 am)
yesss your videos are very helpful!