PPC
Practice Production Possibilities Curve (PPC) economics and opportunity cost calculations.
Product Possibilities Curve Practice Types of Production A B C D EButter010121416Guns504030200 Draw a production possibilities curve for butter and guns 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?What is the opportunity cost of moving from point B to point C?What is the opportunity cost of moving from point D to point E? PPC Practice 2 Types of Production A B C D ETanks010203040Bread756854470 Draw a production possibilities curve for tanks and bread 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?What is the opportunity cost of moving from point C to point B?What is the opportunity cost of moving from point E to point D?