Ppf worksheet update
Upcoming SlideShare
Loading in...5
×
 

Ppf worksheet update

on

  • 116 views

 

Statistics

Views

Total Views
116
Views on SlideShare
116
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Microsoft Word

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Ppf worksheet update Ppf worksheet update Document Transcript

    • Production Possibilities Frontier (PPF) Worksheet Name __________________________________________________ Per. _____________ 1) You currently have a job at the Texas Roadhouse and each week your take-home salary is $150.00. As a high-school senior, your only two concerns are saving money for college and spending money to have fun. Complete the following chart and graph the results to create a PPF curve for this scenario. College Savings $150 $125 $100 $75 $50 $25 $0 Having Fun Fun 2. In order to save $10 more for college you have to give up $____ spent on fun. That means the opportunity cost of college savings is ______________________________. 3. A bakery can make 150 donuts or 150 hot dog buns per hour or some combination of both. Donuts 0 50 80 110 130 150 Hot dog buns 150 140 120 90 50 0 4. Is it possible to produce 50 of each? ______ Hot Dog Buns 5. Why would you want to avoid that? __________________________________________________________ 6. What is the opportunity cost of the 150th donut? ______________ hot dogs 7. What is the opportunity cost moving from 120 hot dog buns to 140 hot dog buns? _____________ How could this bakery shift its PPF out? 8. How could it change its land? __________________________________________________ 9. How could it change its labor? _________________________________________________ 10. How could it change its capital goods? ___________________________________________ 11. Why do economists look at changes like in the above PPF graphs?