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Instructional Video

Khan Academy: Production Possibilities Frontier: Opportunity Cost

Curated by ACT

Opportunity cost (and marginal cost) based on the PPF. This is an direction of economics based on tradeoffs in an area of fixed resources. [5:49]

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Concepts
opportunity cost, gross domestic product
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Additional Tags
marginal cost, tradeoff, e.ge.7 a nation's overall level of economic well-being is determined by the interaction of spending and production decisions made by all households, f, khan academy, ppf, production possibilities frontier, production possibilities curve
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Resource Details
Grade
9th - 10th
Subjects
Social Studies & History
2 more...
Resource Type
Instructional Videos
Audiences
For Administrator Use
2 more...
Lexile Measures
0L