Instructional Video

Khan Academy: Increasing Opportunity Cost

Curated by ACT

When there are increasing opportunity costs, the shape of the production possibilities curve (PPC) is bowed out. Learn more about how the shape of the PPC, which is sometimes also called the production possibilities frontier curve (PPF), depends on opportunity cost in this video.

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Concepts
opportunity cost
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Additional Tags
production possibilities curve, khan academy, khan academy: increasing opportunity cost, ppc, ppf, production possibilities frontier curve
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Classroom Considerations
  • Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)