Production Possibilities Curve (PPC) Review | Think Econ

In this video we explain what the Production Possibilities Curve/Frontier (PPC or PPF) is, as well as demonstrate how it relates to other key concepts such as scarcity, trade offs, opportunity cost, efficiency, etc. This is the first graph you are going to learn in your economics class, so we hope you find this video helpful!
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[@ThinkEcon]

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[@sof185]

I learned so much from this video!!😊

[@MusiimentajBarbie]

Finally i have learnt something from PPF

[@shaliniarivalagan5625]

As you showed how many pianos and guitars that can be produced,can i please know which is the best point to produce these goods?

[@ThinkEcon]

To determine which point is best, you'd need to know the demand and/or prices for both goods

[@HopeNansubuga-r8c]

Consumer behavior