Production Possibility Curve Worksheet

80 60 50 o 60 90 110 capital goods million consumer goods million.

Production possibility curve worksheet. Some of the worksheets for this concept are production possibilities frontier ppf work production possibilities curve tradeoffs scarcity choice and the production possibilities frontier production possibilities frontier work names activity smartphones and tablet computers senior high lesson plans unit 1 basic economic concepts 3 analyzing production possibilities. The opportunity cost of increasing the output of consumer goods from 60m to 90m consumer goods. Production possibility curves can be used to show a number of economic concepts including opportunity cost.

A production possibility curve is a curve showing possible combina tions of goods that an economy can produce given a fixed amount of resources fixed technology and efficient use of these resources. Production possibilities 1 3 trade offs and opportunity costs can be illustrated using a production possibilities curve. Production possibility curves can be used to understand the efficiency of an economy s production.

Beverly is studying the ppc for her company war stuff inc. What is the opportunity cost of moving from point b to point c. Omega is a small tropical island that produces pearls p and fish f.

Production possibilities curve worksheet for students 10th 12th in this economics worksheet students respond to 12 problem solving questions regarding production possibilities and the production possibility curve. View production possibilities curve worksheet pdf from economics 45 0610002 at hillgrove high school. Let us assume that the united states produces only two goods.

Omega s production possibilities curve is given by p 2l 5k 5 3f2 where l is the size of the labor force 400 people and k is the number of capital goods which is 100. Ppc shows all the possible combinations of 2 goods or services. This quiz worksheet combo will assess your understanding of the possibility curve including how.

Student may prefer to use graph paper to complete the assignment. Displaying top 8 worksheets found for production possibility curve. What is the opportunity cost of moving from point a to point b.