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How to Calculate Opportunity Cost Using PPC | Econ Homework | Think Econ

  Рет қаралды 122,324

Think Econ

Think Econ

Күн бұрын

Пікірлер: 92
@ThinkEcon
@ThinkEcon 2 жыл бұрын
Check out our latest Community Poll: kzfaq.infocommunity to weigh in on which videos you'd like to see more of over the summer months! If you DEMAND it, we'll SUPPLY it!
@colinburgess4316
@colinburgess4316 Жыл бұрын
KZfaq videos always beat the textbook. Thanks for this.
@ThinkEcon
@ThinkEcon Жыл бұрын
You’re welcome!
@imnoora
@imnoora 11 ай бұрын
Thanks for the video, explained very well and more simple than my textbook!
@ThinkEcon
@ThinkEcon 11 ай бұрын
You’re very welcome! I’m glad you found the video helpful!
@ArlenGriswold
@ArlenGriswold 11 ай бұрын
you deserve a larger following..
@ThinkEcon
@ThinkEcon 11 ай бұрын
I'll take that as a compliment, and appreciate it :) Feel free to share any of my videos to friends you may have in econ class that you think will find them helpful!
@aatiftazwar6902
@aatiftazwar6902 Жыл бұрын
God I hate economics but I have to do it anyways
@itsaditi999.
@itsaditi999. Жыл бұрын
samesituation bro😅
@michaelazundanda5564
@michaelazundanda5564 Жыл бұрын
👍
@christophermwape2847
@christophermwape2847 10 ай бұрын
Hey my big am also doing Economics am from Zambia
@509muskanbansal9
@509muskanbansal9 10 ай бұрын
By the way, I can make you expert in economics #cheggexpert
@noziphokhwela25
@noziphokhwela25 9 ай бұрын
Same😂
@user-bn2my7wn1g
@user-bn2my7wn1g 3 ай бұрын
God bless you and your family ❤
@yonaneffati3516
@yonaneffati3516 Жыл бұрын
tysm omg way more helpful than my 2 hour class haha
@ThinkEcon
@ThinkEcon Жыл бұрын
Glad to hear it!
@calmingarts2932
@calmingarts2932 3 ай бұрын
Thank you for explaining the ppc/ppf very well. Why do you need to work out the opportunity cost separately for : A to B B to C C to D D to C Why do we need to work out the difference between the 2 different points before dividing these 2 values together to work out the opportunity cost? Why can we flip the C to D in order to work out D to C points on the graph?
@JoshuaKonga-zt6po
@JoshuaKonga-zt6po Жыл бұрын
Thank you for the explanation. I really appreciate it and now I understand the way to calculate opportunity costs. I'm happy to watch your new videos...🥰🥰🙏🙏🥰🥰❤❤
@ThinkEcon
@ThinkEcon Жыл бұрын
Thank you for the kind words! :)
@JoshuaKonga-zt6po
@JoshuaKonga-zt6po Жыл бұрын
@@ThinkEcon look, I've had this economic assignment and I didn't know the answer to the question on opportunity costs until I watched your video. The lecture wasn't that of a great teacher than you. Your video help me complete my assignment tonight. Thank you 😊 💓. Looking forward for your next video....
@ThinkEcon
@ThinkEcon Жыл бұрын
@@JoshuaKonga-zt6po I'm really glad to hear that. Economics can be a tough subject, and the whole point of this KZfaq channel is to make it easier for students!
@user-di7yf6nf3k
@user-di7yf6nf3k 7 ай бұрын
you are a professional
@etiquettefanatic5985
@etiquettefanatic5985 5 ай бұрын
This video was so helpful. Thanks a lot.
@ThinkEcon
@ThinkEcon 2 ай бұрын
You're welcome!
@sounasalah1066
@sounasalah1066 8 ай бұрын
Thank you very much sir , u help me so much , But which operation i have to use for calulating the oppoertunity cost ?
@ZitingXu-md8vb
@ZitingXu-md8vb 8 ай бұрын
Very helpful, very clear, better than my lecture
@ThinkEcon
@ThinkEcon 8 ай бұрын
I'm glad to hear you found it helpful!
@eilishfan1554
@eilishfan1554 6 ай бұрын
Thank you so much for taking your time to explain
@ThinkEcon
@ThinkEcon 6 ай бұрын
You’re welcome! ☺️
@dumbuyapatrickm6360
@dumbuyapatrickm6360 Ай бұрын
That's great of you. Thanks
@kimkimdinar9113
@kimkimdinar9113 Жыл бұрын
its extremely helpful thanks so muchhh
@ThinkEcon
@ThinkEcon Жыл бұрын
You are very welcome!
@Explorz_1
@Explorz_1 Ай бұрын
Thanks you so much !
@ThinkEcon
@ThinkEcon Ай бұрын
You're welcome!
@georgenyumbu-pz4vs
@georgenyumbu-pz4vs Жыл бұрын
Easy explanation for anyone to understand
@ThinkEcon
@ThinkEcon Жыл бұрын
Glad you found it helpful!
@alirezaroodsari1869
@alirezaroodsari1869 6 ай бұрын
excellent presentation
@ThinkEcon
@ThinkEcon 6 ай бұрын
Thank you!
@jihoonsavedme
@jihoonsavedme 4 ай бұрын
Thank you so much. This means and helps me a lot
@ThinkEcon
@ThinkEcon 2 ай бұрын
I'm glad you found it helpful!
@MovieHubTV1
@MovieHubTV1 Жыл бұрын
Very very helpful. Thank you so much Sir ❤
@ThinkEcon
@ThinkEcon Жыл бұрын
You’re welcome! ☺️
@sintayehusiyum8100
@sintayehusiyum8100 7 ай бұрын
Thanks so much again
@cbell1739
@cbell1739 11 ай бұрын
Thank you!! Got it now
@ThinkEcon
@ThinkEcon 11 ай бұрын
Glad to hear it!
@robertortiz-wilson1588
@robertortiz-wilson1588 Жыл бұрын
Thank you!
@ThinkEcon
@ThinkEcon Жыл бұрын
You're welcome!
@priyajoseph4662
@priyajoseph4662 10 ай бұрын
Omg u helped me so much thank you 😁❤
@ThinkEcon
@ThinkEcon 10 ай бұрын
I'm glad to hear that!
@juweriainaali9042
@juweriainaali9042 2 жыл бұрын
Thanks it is so usefull
@ThinkEcon
@ThinkEcon 2 жыл бұрын
We're glad you found it helpful :)
@pattycakes1146
@pattycakes1146 5 ай бұрын
Can you do a comparative advantage with the OC you got?
@peternduati6008
@peternduati6008 8 ай бұрын
Well explained😊
@ThinkEcon
@ThinkEcon 8 ай бұрын
Thank you 😊
@Gpiforever1
@Gpiforever1 7 ай бұрын
It’s still difficult to do for me do you have the steps written down for our access
@twinamasikokeneth.
@twinamasikokeneth. 7 ай бұрын
THANKS
@charleskangwanda9922
@charleskangwanda9922 2 жыл бұрын
Thanks a lot,it was really help I have question i need help with. How can i share it?
@ThinkEcon
@ThinkEcon 2 жыл бұрын
I'm glad you found it helpful! Feel free to copy the link and post it or send it to any of your friends who may find it helpful! There is also a share button under the video!
@roseb.5367
@roseb.5367 10 ай бұрын
Thank you ❤
@ThinkEcon
@ThinkEcon 10 ай бұрын
You're very welcome!
@fredrickadjei4228
@fredrickadjei4228 Жыл бұрын
Thank you very much Sirrrr
@ThinkEcon
@ThinkEcon Жыл бұрын
You're very welcome!
@kinmanmak2447
@kinmanmak2447 Жыл бұрын
It are cool for me.
@ThinkEcon
@ThinkEcon Жыл бұрын
Nice!
@RoseyannaNoel-qh9hx
@RoseyannaNoel-qh9hx 6 ай бұрын
What happens if you move from point B to point H? What is the calculation?
@RoseyannaNoel-qh9hx
@RoseyannaNoel-qh9hx 6 ай бұрын
What happens if you move from D to G?
@hananmekonen709
@hananmekonen709 2 жыл бұрын
How opportunity cost calculate with float cost
@kingsfordosei8057
@kingsfordosei8057 Жыл бұрын
Thanks
@ThinkEcon
@ThinkEcon Жыл бұрын
You're welcome!
@chido5038
@chido5038 Ай бұрын
😍
@CandyBarnes-t8g
@CandyBarnes-t8g 3 күн бұрын
Martin Susan Clark Amy White Elizabeth
@Oro_Teach
@Oro_Teach Жыл бұрын
. Define opportunity cost. And what is opportunity cost of A commuter taking the train to work instead of driving. It takes 70 minutes on the train, while driving takes 40 minutes. Military goods. Consumer goods 100. 15 75. 30 50. 45
@ThinkEcon
@ThinkEcon Жыл бұрын
We have a whole other video defining Opportunity Cost. This particular video is just showing you how to calculate it on a PPF, which is an area a lot of students struggle in.
@carloxavier8378
@carloxavier8378 Жыл бұрын
What if the question, what is the Opportunity Cost of 400 Pianos? Is it like this? To get 400 Pianos, you must give up 300 guitars.
@carloxavier8378
@carloxavier8378 Жыл бұрын
My Mid Test is tommorow, please answer immediately. I beg u Anyway, thanks for the explanation
@ThinkEcon
@ThinkEcon Жыл бұрын
Yes, that's correct!
@carloxavier8378
@carloxavier8378 Жыл бұрын
@@ThinkEcon u save my life :)
@ThinkEcon
@ThinkEcon Жыл бұрын
@@carloxavier8378 Wow, that's some high stakes econ ;) Glad I could help
@goldinnocent7225
@goldinnocent7225 Жыл бұрын
how did you get 150 na?
@ThinkEcon
@ThinkEcon Жыл бұрын
I'm not really sure what you're asking me, sorry
@GiftMumba-de1ug
@GiftMumba-de1ug 11 ай бұрын
He got the 150 by subtracting 650 from 800.
@CharlieKRUSE-kn7fv
@CharlieKRUSE-kn7fv 2 ай бұрын
skibidi rizz
@cakoe.
@cakoe. 2 ай бұрын
facts
@user-hj6zh2qj6d
@user-hj6zh2qj6d 7 ай бұрын
why you trick me😢😢😢
@pattycakes1146
@pattycakes1146 5 ай бұрын
Threw me off by not doing E
@annablue1237
@annablue1237 Жыл бұрын
A ridiculous amount of ads. Too driven by money.
@ThinkEcon
@ThinkEcon Жыл бұрын
You’ll have take that up with KZfaq, unfortunately. I don’t control the ad spots on this channel :/
@colinburgess4316
@colinburgess4316 Жыл бұрын
Appropriate for a lesson in econ.
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