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Hey! How you doing Econ Students? This is Mr Clifford Welcome to ACDC Econ Right now you'll learn about the first graph in this class, it's called the production possibilities curve. The production possibilities curve (PPC) presents potential prospects for the production of a pair of products. It's a pillar of the program that pupils have to practise. This graph is totally important... *Intro Music* First we're going to start off with a table that shows the production possibilities of two goods. In this case, videos and hats. And this example is actually for me. If I quit teaching and spend all my time I can make hats, right ? using this loom, hats that look like...this Basically, you wrap the yarn around this and kind of wrap it around itself The hat kind of grows out from the bottom. You kind of tie it off at the end. As you can see from the chart if I spend all my time working on hats I can produce 30 hats in a week. Y,o what's up bro?! If I spend all my time and resources making...
