The PPF and Constant vs. Increasing Opportunity Cost

This explains the difference between Constant and Increasing Opportunity Cost and how these concepts relate to the slope of the PPF.

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TOPIC CATEGORY
Production Possibilities Frontier

KEYWORDS
Production Possibilities Frontier, PPF, Opportunity Cost, Increasing Opportunity Cost, Constant Opportunity Cost

NOTES OR SUPPLEMENTARY MATERIAL
PDF notes on video content

RUN TIME
5:09

AUTHOR / PRESENTER
Steve Crane, Department of Economics

PRIMARY DISCIPLINE
Microeconomics

RELATED DISCIPLINES
-

SKILLS DELIVERED
Ability to distinguish between constant and increasing opportunity cost. Ability to explain economic meaning of terms..

RIGOR LEVEL
2000

PREREQUISITE INFORMATION
None