Download Production Possibilities Schedule 1, if the economy produces 10

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