Production possibillities frontier

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Robinsons powerpoint Production Possibilities Frontier

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Production Possibilities Graphs March 16, 2011

Objectives ,[object Object],[object Object],[object Object]

The Production-Possibilities Frontier (page 13)

Production-Possibilities Schedule Letter Comb. Farm Products Manufact. Products D C A B E 15 14 11 5 0 0 5 15 25 30

Draw the following Production Possibilities Frontier

15 12 9 6 3 5 10 15 20 25 30 Farm Prod Manufactued Products (in Millions) Production Possibilities Frontier B A ,[object Object],[object Object],( underutilization) + 10M - 6M

Why does underutilization occur? ,[object Object]

Factors that can lead to underutilization at point X. ,[object Object],[object Object],[object Object]

Factors that could lead to point Y or economic growth. ,[object Object],[object Object],[object Object],[object Object]

Homework…. page 11, 1-4,6,9. page 18 1-3,5-7

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