Part+03 (1).docx - Part Three – Production Possibility Curve Directions Draw a PPC like the one below and label all five points on the

Part+03 (1).docx - Part Three – Production Possibility...

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Part Three – Production Possibility Curve Directions: Draw a PPC like the one below and label all five points on the PPC (unattainable, inefficient, and efficient). ______ Production Alternative______ Types of Production A B C D E Butter 0 10 12 14 16 Guns 50 40 30 20 0 a. Draw a production possibilities curve for butter and guns using the data above. b. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C). c. What is the opportunity cost of moving from point A to point B? d. What is the opportunity cost of moving from point B to point C? e. What is the opportunity cost of moving from point D to point E?
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Unformatted text preview: ______ Production Alternative______ Types of Production A B C D E Tanks 10 20 30 40 Bread 75 68 54 47 a. Draw a production possibilities curve for tanks and bread using the data above. b. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C). c. What is the opportunity cost of moving from point A to point B? d. What is the opportunity cost of moving from point B to point C? e. What is the opportunity cost of moving from point D to point E?...
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