Uploaded by Iluminada January on January 13, 2014 at 4:16 PM
what is opportunity cost? examples and some thoughts on linear and concave PPFs.
Thanks! Share it with your friends!
can someone explain why it is unrealistic for it to be linear ? and more
likely to be concave ?
p.s very helpful video =]
thank you very much. it was really helpful
when production of cheese increases the opportunity costs of wool increases
on the upper part of the x – axis and not as shown on the demo video
This guy defines his own rules of economics. Normally, when quantity
increases, price increases. So how come almost 200,000 people want to watch
this video tutorial, and it remains free?
Our teacher recommended you in our Uni, and i have to i admit, it was worth
watching! Im subscribing!
thank you that helps a lot
Thank you so much!!
you have made my micro class so much easier and saved me on my test thank
you so much for the video! you are a great teacher and make it so simple.
We use GaggleTube at our district to access filtered YouTube videos. Since
this video has embedding disabled, we can’t view it at school. Could you
change this video to allow embedding? Then we can view it through our
school filters. Thanks!
@csurmi22 A convex PPF? Thats the 1st time i have heard bout it…..If
possible will you make a vid bout it? I really suck at econs but i am
willing to learn more…..So can you?
It’s 01:20 on the day of my Business Economics exam, and your online
lectures are helping me make sense of my notes!! Thank-you. Do you have any
of your stand-up on YouTube??
@pajholden think he means 4th year of secondary school.. ie, year 10.
BE MY TEACHER PLEASE
fatastic plz tell ur name for more
luv u man … u made my concept clear 😀
I have a question On a concave PPF, does the opportunity cost ALWAYS
increase as the output of the good/service on the ‘y’ axis increases?
He taught this better in 5 minutes than my teacher did in 40.
Thank you so much for explaining this to me!! I could not find a meaning I
understood on any websites about opportunity cost!
Productivity is a result of Efficiency, and not energy efficiency like some
are talking right now, but COMPLETE Efficiency…if you don’t know the
Baselines of your business how can you improve it?… if your Equipment
isn’t kept and operated properly how can you depend on it?…if your
organization has no effective worker’s communication & training how can you
get people to do the right things?…get it? Process, Equipment, Personnel,
the core elements… get the Industrial Efficiency Triangle.
that was very helpful!!!! THANK YOU! =D
Thank you for all the great videos it helped me a lot. Thumbs up 🙂
Why does the opporunity cost curve make a concave, but the indifference
curve makes a convex? It seems like almost the same to me.
@Tosnel Hi – thank you for your kind comments. I used to work in the UK. I
was a stand-up comedian for a year, then got into teaching. I taught in a
tiny language school in a mountain town in Arcadia, Greece for a year, fell
in love with teaching and Greece, came back to the UK and taught History
for three years in state schools in Dagenham and Morecambe. But Greece was
in my blood by then, and kept calling me back, so I moved to Athens
permanently in 1996.
thumbs up you rock man ~ my lecturer recommended us to watch you teachings
is was wonderful ~
@pajholden That’s an ace story!
Thank you for your help! I am a student at Ucla and we covered this topic
in my World Politics course for our Global Trade chapter— I’m not an
economics major, but your way of explaining clarified things very well 🙂
thankyou thankyou thankyou ! 😀
ahh he teaches better than my teacher ..
man ur too good…thx indeed…saved a lot of time
Excellent. I can understand it better now. Thank you!
all this stuff you do helps so many people!!
I could only lean on one example of OC but now I see that it also applies
to production and manufacturing lines. It’s like I had been living in a
flat earth before this video.
this guy is good. thanks for the videos.
hey blurock, it may be simple but you’d be surprised at how many businesses
particularly small businesses that have never heard of opportunity cost let
alone attempt to make a singular choice on 2 or more competing
funny you should say that…my I live in the US and my teacher is from
thank a lot, after this i eventually understand that!!
thnx great stuff
awesome video and i have an assessment about that,,, can you give me some
examples please.. thank you
THANK YOU SIR! You should be my teacher!!! I am doing Economics for the
first time in A levels and my teacher has already made it clear tha she
will only teach us the basics and we will have to get into the depths
ourselves 😐 I am quite bad at anwering questions or exam type case
studies. Will you be able to make a video on writing modal answers? Thank
thank you sir for your help, i’ve been trying to clear my 1st yr. micro eco
and 2nd yr. macro eco since 2008. but lets hope, your tutorial will help me
to clear this time 😉
ikr. its amazing and he explains it in its easiest form what so ever.