ShmoopTube

Where Monty Python meets your 10th grade teacher.

Search Thousands of Shmoop Videos


Basic Economic Concepts Videos 7 videos

AP Microeconomics 1.6 Basic Economic Concepts
71 Views

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

AP Microeconomics 1.8 Basic Economic Concepts
6 Views

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

AP Microeconomics 1.6 Supply and Demand
38 Views

AP Microeconomics 1.6 Supply and Demand. What will the production possibilities curve for this economy look like?

See All

AP Microeconomics 1.2 Basic Economic Concepts 228 Views


Share It!


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

Related Videos

AP Microeconomics 1.6 Basic Economic Concepts
71 Views

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
37 Views

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

AP Microeconomics 1.8 Basic Economic Concepts
6 Views

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

AP Microeconomics 1.6 Supply and Demand
38 Views

AP Microeconomics 1.6 Supply and Demand. What will the production possibilities curve for this economy look like?

AP Microeconomics 1.4 Basic Economic Concepts
15 Views

AP Microeconomics 1.4 Basic Economic Concepts. Which of the following is suggested by the slope of the production possibilities curve below?