The Production Possibilities Curve (PPC)
| Site: | Saylor Academy |
| Course: | ECON102: Principles of Macroeconomics |
| Book: | The Production Possibilities Curve (PPC) |
| Printed by: | Guest user |
| Date: | Saturday, June 1, 2024, 12:35 PM |
Description
Watch these videos to learn how a production possibilities curve is constructed. Pay attention to how changes in resources affect the PPC curve. Some combinations of products may be unattainable, given the limited existing resources, whereas other combinations of products may be inefficient as they leave some resources unused. The PPC curve helps find levels of production that use all of the available resources in the economy.
The Production Possibilities Curve (PPC)
Source: Khan Academy, https://www.youtube.com/watch?v=_7VHfuWV-Qg&feature=youtu.be
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.
The PPC and Resource Changes
Source: Mary J. McGlasson, https://www.youtube.com/watch?v=6LIuLAu-KNs&list=PLF2A3693D8481F442&index=10 This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.