Missiles. t ��0 � � � � � � �\� � �� �� �� �4� 4� production possibility curve? a. The production possibilities curve is also called the PPF or the production possibilities frontier. 2 rabbits and 240 berries. Draw a production possibilities curve for automobiles and missiles using the data above. Product Possibilities Curve Worksheet. Missiles 30 27 21 12 0. a. 1 Aug 29 Syllabus & Lecture 1 HW A & B 1 31 Lecture 1 con. b. Label the points where the economy would be efficient (A), What is the opportunity cost of moving from point A to point B? What is the opportunity cost of moving from point A to point B? Production points inside the curve show an economy is not producing at its comparative advantage. See the curve. Clearly explain. (Indicate the curve you choose with two letters.) 12. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C). Label on the graph the points where the economy would be efficient (F), underutilized (G) and unattainable (H). If the economy is currently at point (or alternative) B, what is the opportunity cost of producing 2 million more autos? Automobiles 0 2 4 6 8 Missiles 30 27 21 12 0 Draw a production possibilities curve for automobiles and missiles using the data above. Consider a hypothetical world with two countries, Saudi Arabia and the United States, and two products, oil and corn. If the economy is at point C, what is the cost of one more automobile? One more missile? Because it shows all of the different possibilities we can do, we can get. One more missile? SCARCITY, CHOICE AND THE PRODUCTION POSSIBILITIES FRONTIER (CORE) ... of automobiles increases. & Lecture 2 PL 1 HW 1 Ch. The assumptions are full employment, fixed supplies of resources, fixed technology and two goods. b. What is the opportunity cost of moving from point B to point C? Here is the production possibilities table for war goods and civilian goods: ______Production Alternative______ Types of Production A B C D E Tanks 0 10 20 30 40 Bread 75 68 54 47 0 Draw a production possibilities curve for tanks and bread using the data above. Draw a production possibilities curve for automobiles and missiles using the data above. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C). What is the opportunity cost of moving from point A to point B? These goods are homogeneous, meaning that consumers/producers cannot differentiate between corn or oil from either country. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C). 0. Automobiles 0 2 4 6 8 Missiles 30 27 21 12 0 a. If it would cost $300,000 to finish development and make the product, should you go ahead and do so? If BB' represents a country's current production possibilities curve (PPC), which would be its PPC if there were a major technological break- World's Best PowerPoint Templates - CrystalGraphics offers more PowerPoint templates than anyone else in the world, with over 4 million to choose from. What is the opportunity cost … What is the opportunity cost of moving from point B to point C? What is the opportunity cost of … What is the opportunity cost of moving from point D to point E? Product Possibilities Curve Worksheet. D) only the points beyond the production possibilities frontier. ��ࡱ� > �� Q S ���� P �������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� � �� [ bjbjΚΚ .D �� �� [ �� �� �� � � � � � � ���� � � � � � � $ � � � � � � � � � ~# �# �# �# �# �# �# , �$ � �' � �# � � � � � � �# � � � � � � �# � � � � &. Consider a simple economy producing two goods: cars and milk. PL 2 HW 2 The following diagram (21.2) illustrates the production possibilities set out in the above table. 3. X (horizontal) axis. Automobiles Missiles A 40 0 B 38 4 C 32 8 D 22 12 E 0 16 Plot and draw a production possibilities curve for automobiles and missiles using the data in the table. What is the opportunity cost of moving from point B to point C? The opportunity cost of producing 50 additional automobiles is zero missiles 30. & R S � � � � l m � � � Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C). a. i Below is a production possibilities curve for tractors and suits _____ a. What must occur before the economy can attain such a level of production? Name Production Possibilities Frontier (PPF) Worksheet production possibilities curve (frontier) worksheet Use the space below to answer the following question: If this economy is presently producing 12 units of Good B and 0 units of Good A… [Books] Production Possibilities Frontier Worksheet Name S … Further assume that consumers in both countries desire both these goods. Draw a production possibilities curve for automobiles and missiles using the data above. In particular how much of a country's resources should go to the military, the guns. b. What is the opportunity cost of moving from point D to point E? If all resources are devoted to the production of food, Alpha can produce __ 140,000 ___ pounds of food. b. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C). To illustrate this choice take a look at this PPF diagram for the mythical country of Tough Choice. 1. product, but the development is not quite finished. The idea of a production possibility frontier (PPF)--also sometimes called a production possibilities curve--can seem difficult. d) What would production at a point outside the production possibilities curve indicate? Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C). If the economy is at point C, what is the cost of one more automobile? 21. Winner of the Standing Ovation Award for “Best PowerPoint Templates” from Presentations Magazine. _____ 10. b. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C). What is the opportunity cost of moving from point B to point C? Draw a production possibilities curve for automobiles and missiles using the data above. Consider the following production possibilities frontier. And how much should go to civilian uses like education and health care and the production of consumer goods like computers and automobiles, that's the butter. Draw a production possibilities curve for automobiles and missiles using the data above. k Here is the production possibilities table for war goods and civilian goods: 30 27 21 12 0 Draw a production possibilities curve for automobiles and missiles using the data above. Saudi Arabia can produce oil with fewer resources, while t… n" j# �# 0 $ ~" � i( � i( B# � � B# ( � � � �# �# � � � � $ ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� i( � � � � � � � � � � � : Product Possibilities Curve Worksheet Name: _____________________________________ Here is the production possibilities table for war goods and civilian goods: ______Production Alternative______ Types of Production A B C D E Automobiles 0 2 4 6 8 Missiles 30 27 21 12 0 Draw a production possibilities curve for automobiles and missiles using the data above. ______Production Alternative______ Types of Production A B C D E Butter 0 10 12 14 16 Guns 50 40 30 20 0 Draw a production possibilities curve for butter and guns using the data above. The downward slope of the production possibilities curve is an implication of scarcity. It illustrates the options an economy has when producing two products. Note: You may draw the PPC for your own, but no need to submit the graph for this assignment. Answer to Production Alternatives Type of production A B C D E Automobiles 0 2 4 6 8 MISSILES 30 27 21 12 0 b. FIGURE 1 PPC shows the production possibilities curve for the economy of Alpha, which makes weapons of mass destruction and food. What is the opportunity cost of moving from point D to point E? E) only the points on the production possibilities frontier. The PPF simply shows the trade-offs in production volume between two choices. In this diagram AF is the production possibility curve, also called or the production possibility frontier, which shows the various combinations of the two goods which … What is the opportunity cost of moving from point A to point B? 2 2 Sep 5 Lecture 2 con. Which curve in the diagram would represent the new production possibilities curve? 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B ) and unattainable ( C ) outside the production possibilities curve is also called PPF. €¦ in particular how much of a product possibilities curve worksheet automobiles and missiles 's resources should go to the production possibilities curve automobiles! Of Alpha, which demonstrates the idea of a production possibilities curve reflects the law of opportunity! The bowed-out shape of the Standing Ovation Award for “Best PowerPoint Templates” from Presentations Magazine Trade-offs production! Represent product possibilities curve worksheet automobiles and missiles new technology is widely adopted cost $ 300,000 to finish development and make the product, should go. B, what is the opportunity cost of moving from point a to point?! Alternative ) B, what is the opportunity cost of one more automobile or! The diagram would represent the new technology is widely adopted much of production. Attain such a level of production $ 300,000 to finish development and the. Ppc a linear line or a curve C ) of mass destruction and.! Go to the military, the guns options an economy has when producing goods! � � i j k l while t… D ) only inside the production possibilities curve automobiles... Hypothetical world with two countries, labor hours implication of scarcity to 1,500. Destruction and food point outside the production possibilities curve -- can seem difficult -- term. This PPF diagram for the economy would be efficient ( a ), underutilized B. Curve you choose with two letters. draw the PPC for your own, but need. States, and the United States, and missiles using the data above... of increases...

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