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In this tutorial by Mr. Clifford from ACDC Econ, students learn about the production possibilities curve (PPC), which illustrates potential production outcomes for two products. The PPC is a fundamental concept in economics. The lesson begins with a table displaying the production possibilities for videos and hats. Mr. Clifford uses a personal example: if he dedicates his time to making hats, he can produce 30 hats per week using a loom. The tutorial emphasizes the importance of the PPC in understanding resource allocation and production trade-offs in economics.