How to calculate opportunity cost ppc
[DOC File]Production Possibilities Frontier
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Calculate the per-unit opportunity cost of an increase in the production of cloth, or the production of wheat, in each of the following cases. From Point A to Point B? From Point F to Point E? From Point C to Point D? In each of the following cases, explain what will happen to the production possibilities frontier.
[DOCX File]WordPress.com
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What type of opportunity cost is shown by PPC A.1? _____Calculate the Opportunity Cost for the following shifts:AB _____ BC_____ ED_____CA_____ Production Possibilities. PPC B.1. Y-Value 1. Draw and label a PPC with consumer goods on the x-axis and capital goods on the y-axis. The PPC should be bowed out from the origin. Address each of the ...
[DOC File]Homework 2 Spring 2007
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Graph the new production possibilities. Calculate the opportunity cost associated with increasing the amount of rice production by units of 10 million pounds at a time. Compare the opportunity costs in (b) with those in (a) and briefly comment on this comparison.
[DOC File]Aim: How do nations use opportunity cost in decision making
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2) There is also the opportunity cost of time, land, resources, etc. spent producing that chosen activity, which is known as “INPUT” and is set up the opposite way (or chosen over given up) *When writing the opportunity cost after you calculate it, write down the "opportunity cost of good x is _____ units of good y."
[DOC File]Microeconomics Review #1
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Constant Opportunity Cost* Increasing Opportunity Cost* Why does this occur? Draw the graph below. Bicycles. Tricycles Why does this occur? Draw the graph below. Bikes. iPhones Efficiency Shifting the PPC Difference between allocative and productive efficiency: Identify the four shifters of the PPC 1. 4. 2. 3. Shifting and Changes Practice
[DOCX File]Loudoun County Public Schools / Overview
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FIGURE 1 PPC . shows the production possibilities curve for the economy of Alpha, which makes weapons of mass destruction and food. 1. If all resources are devoted to the production of food, Alpha can produce _____ pounds of food. In order to produce 1,500 WMD, the opportunity cost in terms of food is _____ pounds.
[DOC File]Basic Economic Concept – Unit 1 – Homework Packet
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(C) The opportunity cost of increasing production of Good A from two units to three units is the loss of _____ unit(s) of Good B. (D) This is an example of (constant / increasing / decreasing / zero) opportunity cost per unit for Good A. Use PPC 2 to answer question 2 below. 2.
[DOCX File]Practice sheet: Production Possibility Curves
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opportunity cost. and associated . tradeoffs. may be illustrated with a picture. Production Possibilities Curve – a graph that shows alternative ways to use an economy’s resources – does not show consumer satisfaction. It is a m. odel. of a macro economy used to analyze the production decisions in the economy and the . problem of scarcity.
[DOCX File]Mount Saint Mary College
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PPC also captures another important idea in which opportunity cost associated with production of each good continues to rise. Specifically, opportunity cost, measured in terms of the other good given up, for equal incremental production of each good continues to get higher and higher.
[DOC File]Production Possibilities Curve (PPC)
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The PPC . below. shows the production possibilities curve for the economy of Alpha, which makes weapons of mass destruction and food. If all resources are allocated to the production of food, Alpha can produce _____ pounds of food. In order to produce 1,500 WMD, the opportunity cost in terms of food is _____ pounds.
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