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WCU Live Micro: PPC
Transcript of WCU Live Micro: PPC
Any two goods
Moving the point, not the curve: Opportunity cost
Shifting the curve
Land, Labor, Cattle,
Draw a PPC to illustrate the main idea potrayed in the video.
What is the main idea?
Step 1: Set up the PPC
Pick a point
Step 2: Show some change.
Step 3. Address the efficiency implications
Amish Mafia: "Green Corn"
Migrant workers: How do they help?
What if they left?