Rabbit and Berries is just an example. What is important is to understand the concept of PP-curve and what it tells about opportunity cost. That if you want more of one thing, you will have less of something else. And this variation can take place in 3 ways: Constant, Increasing, Decreasing.
@@jadon_s.s but why does MOC goes on increasing? I mean why we are ready to sacrifice more and more of berries. Because as per the logic, marginal significance of berries should increase as the stock of berries is decreasing, then why the individual is ready to sacrifice more and more of berries just to get that same unit of rabbit?
Why increasing opportunity cost Why decreasing opportunity cost And why constant opportunity i having trouble to understand it can someoneexplain please
But with every new project I get at work, though the time expenditure is great in the beginning, I improve at it with each attempt. And each attempt requires less time than the one before, resulting in a decreasing opportunity cost.
You are spending more berries for catching 1 additional rabbit, so here it seems berries are input to produce rabbit. That makes it marginal cost right? I am not clear about it. :(
All this years of doing economics, this is the best explanation!
thanks for the clear explanation! you should be my economics teacher.
Nice name
this channel is a gold mine
I am here enjoying my online grade 12 economics class and I hope to succeed highly because Khan academy they are superb
Your explanation was outstanding .
Thanks a lot sir
Loved the way you explained.
Thank you!
You demon lol
This video helped me so much !!
Thank you for helping me FINALLY wrap my head around this concept. I would like this video twice.
Nice name
@@aterribleyoutuber9039 Thanks. You too.
This explanation really helping me a lot...Thank you very much😇
Teacher thanks this is useful lesson for me
Thankyou😭❤️
Appreciate you
Thank you so much
Thank you for this video!
Very helpful!
2:28 was actually funny. 😂
thanks
So is it correct to say that it depicts constant , diminishing and increasing returns to scale
Muito bom... poderia traduzir para português Brasil.
Thx really helpful for me
omg ur the best 😭😭
2nd rabbit takes more time to catch, so that is what is causing the increased opportunity cost.
Keep going
What will the graph look like when you have just two combinations say 4 units and 5 units of each product
Nice
Has square anything to do with this?
why is it harder to catch the second rabbit?
Because you are weighed down by the other rabbit you are carrying?
because missing rabbit has made the rest rabbits warier and less easy to catch
@@joshuawang8529 both
Rabbit and Berries is just an example. What is important is to understand the concept of PP-curve and what it tells about opportunity cost. That if you want more of one thing, you will have less of something else. And this variation can take place in 3 ways: Constant, Increasing, Decreasing.
@@jadon_s.s but why does MOC goes on increasing? I mean why we are ready to sacrifice more and more of berries.
Because as per the logic, marginal significance of berries should increase as the stock of berries is decreasing, then why the individual is ready to sacrifice more and more of berries just to get that same unit of rabbit?
Why increasing opportunity cost
Why decreasing opportunity cost
And why constant opportunity i having trouble to understand it can someoneexplain please
Hi
Notes
The more time away from family, the less your family trusts you. That’s a hard application of increasing opportunity cost.
But with every new project I get at work, though the time expenditure is great in the beginning, I improve at it with each attempt. And each attempt requires less time than the one before, resulting in a decreasing opportunity cost.
That last chart is basically time spent on an assignment vs grades.
Don't hurt rabbits. Can't we do a PPC that doesn't involve violence to animals?
You are spending more berries for catching 1 additional rabbit, so here it seems berries are input to produce rabbit. That makes it marginal cost right? I am not clear about it. :(
Im first
Poor rabbits... Sick example
are you actually serious? youre feeling some type of way over an economics example? what a soft world we live in today smh
@@EloquenceTV hes prolly joking lmfao chill
Divorce mal!!!!!!