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Production Possibility Curve Practice Table: Production Possibilities Schedule 1 Goods Shirts Shoes A 0 30 B 1 28 C 2 24 D 3 18 E 4 10 F 5 0 1. Using Table: Production Possibilities Schedule 1, if the economy produces 10 shoes per period, it also can produce at most _______ shirt per period. a. b. c. d. 5 4 3 2 2. Using Table: Production Possibilities Schedule 1, the opportunity cost of producing the fourth shirt is _______ units shoes. a. b. c. d. 2 4 6 8 Use the Production Possibilities Schedule 1 to draw the Production Possibilities Curve on the graph below. 3. What is the opportunity cost to move from Point A to Point B? 4. What is the opportunity cost to move from Point B to C? 5. What is the opportunity cost to move from Point C to D? 6. What is the opportunity cost to move from Point D to E? 7. What is the opportunity cost to move from Point E to F? 8. What is the opportunity cost to move from Point A to F? 9. What is the opportunity cost to move from Point A to D? 10. What is the opportunity cost to move from Point F to C? 11. What is the opportunity cost to move from Point E to A? 12. What is the opportunity cost to move from Point C to F? 13. What is the opportunity cost to move from Point B to F? Shirts **Hint** When answering questions you MUST give a number AND a good to get the answer correct!!! Shoes