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\nProduction Possibility Diagrams: Understanding the Economic Problem\n

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\nThe video introduces the concept of production possibility diagrams. The video explains the limited nature of resources in an economy and how production possibility diagrams represent feasible and infeasible production combinations given...\nThe video introduces the concept of production possibility diagrams. The video explains the limited nature of resources in an economy and how production possibility diagrams represent feasible and infeasible production combinations given the available resources. The video also covers aspects such as productively efficient points, opportunity cost, productive inefficiency, and the returns to scale element of the production possibility frontier.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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16:49
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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economics, opportunity cost, workers, resources
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Additional Tags

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a-level, lectures, micro, economic, problem, 1.3a, ppfs, (basic, concepts), production point, lecture presentation, fully employed, fully utilized, resource limitations, idle labor, productive capacity, people coming, resource stock, ppf represents, limited nature, limited capacity, production sectors, economic problem, shift inwards, unused resources, productive units, wine sector, good wine, production combinations, move resources, shift, limited, production, economies, inside
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\nShow resource details\n
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Production Possibility Diagrams: Understanding the Economic Problem\" href=\"/subscription/new\">\"Production\n\n
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