Production Possibilities Curve (PPC): Opportunity Cost, Efficiency, Shifts | AP Micro Unit 1

How to read a production possibilities curve: points on, inside and outside it, opportunity cost and why the curve bows out, constant versus increasing cost, what shifts the curve, and productive versus allocative efficiency. Practice this exact subtopic and get your FRQs graded by AI the way an AP reader would: https://sad-academy.com 0:00 Can an economy have more of both? 0:28 On, inside, outside 1:11 Opportunity cost and the bowed shape 2:34 What shifts the curve 3:39 Two kinds of efficiency 4:17 Recap Data are hypothetical. Music: "Clean Soul" and "Easy Lemon" by Kevin MacLeod (incompetech.com), licensed under Creative Commons: By Attribution 4.0 http://creativecommons.org/licenses/b... AP® is a registered trademark of College Board, which is not affiliated with and does not endorse this channel.