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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?
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
Full Transcript
- 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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