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AP Microeconomics Videos 8 videos

AP Microeconomics 1.6 Basic Economic Concepts
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AP Microeconomics 1.6 Basic Economic Concepts Review Drill. What does this point on the production possibilities curve represent?

AP Microeconomics 1.12 Basic Economic Concepts
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AP Microeconomics 1.12 Basic Economic Concepts. What is an advantage of specialization and trade?

AP Microeconomics 1.8 Basic Economic Concepts
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AP Microeconomics 1.8 Basic Economic Concepts. What among the following may not be your opportunity cost?

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AP Microeconomics 1.2 Basic Economic Concepts 228 Views


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Description:

AP Microeconomics 1.2 Basic Economic Concepts. On the production possibilities curve below, which of the following does point Z represent?

Language:
English Language

Transcript

00:00

Thank you We sneak and here's your shmoop du jour

00:05

brought to you by milk duds What a gallon of

00:08

milk wears when it's ready to go out on the

00:10

town On the production possibilities curved below Which of the

00:14

following does point z represent and hear the pencil Answers

00:18

are there's point c knickers milk duds and a line

00:24

It's All right well remember the old ad This is

00:27

your brain This is your brain on drugs Well this

00:30

is you and this is you on the ski slopes

00:33

And as much as we wish this was just a

00:36

fun skiing vacation Well this slope actually represents something specifically

00:42

the production possibilities Curves Yeah and if you showed up

00:47

in class today your teacher explain that concept to you

00:49

Well you'll remember that anything in this area is less

00:53

than perfectly efficient production if you actually move onto the

00:57

line and your efficient perfectly so actually yeah so above

01:02

the line No not a chance It's An impossible place

01:06

to be It would imply that you're more than perfect

01:09

which no matter what your mom might tell you is

01:12

not the case The other potential answers air just random

01:16

vocab board testings to see whether you have the nuggets

01:20

to say impossible So yeah the answer is e a

01:23

production impossibility Finally a piece of advice If you're ever

01:28

wearing new duds and someone snickers ignore them they're just 00:01:33.149 --> [endTime] being a goober

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