Production Possibilities Curve Worksheet Answer Key. The ppc shows the production capacity of two goods and the opportunity cost. The production possibilities curve is a good tool for illustrating the concepts of scarcity opportunity cost and the allocation of resources in an economic system.
What is the opportunity cost of moving from point a to point b. 130 117 109 89 0 draw a production possibilities curve for robots and wheat using the data above. Notes division of labor specialization worksheet docx upcoming 8 9 vocab quiz 1 2 8 10 vocab quiz 1 3 8 11 current event article 1 due 8 12 unit 1 test.
Which curve in the diagram would represent the new produc.
130 117 109 89 0 draw a production possibilities curve for robots and wheat using the data above. Distribute copies of the warm up activity. The maximum yields are given in this table. Suppose there is a major technological breakthrough in the consumer goods industry and the new technology is widely adopted.
