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AP Microeconomics›Unit 1: Basic Economic Concepts›Basic Economic Concepts

Scarcity and Opportunity Cost

Every choice has an opportunity cost, the value of the next best alternative.

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16 videos · ranked by how well they teach

1

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Unit 1: Basic Economic Concepts

Scarcity and Opportunity Cost
Marginal Analysis and Utility

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Marginal Analysis and Utility

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Also called: opportunity cost, ppc