Product Possibilities Curve Worksheet
Product Possibilities Curve Worksheet
Name: _____________________________________
Here is the production possibilities table for war goods and civilian goods:
| ______Production Alternative______ |
| |
|Types of Production A B C D E |
| | | | | | |
|Automobiles |0 |2 |4 |6 |8 |
| | | | | | |
|Missiles |30 |27 |21 |12 |0 |
a. Draw a production possibilities curve for automobiles and missiles 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?
| ______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?
Here is the production possibilities table for war goods and civilian goods:
| ______Production Alternative______ |
| |
|Types of Production A B C D E |
| | | | | | |
|Robots |0 |250 |450 |650 |850 |
| | | | | | |
|Wheat |130 |117 |109 |89 |0 |
a. Draw a production possibilities curve for robots and wheat 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?
Here is the production possibilities table for war goods and civilian goods:
| ______Production Alternative______ |
| |
|Types of Production A B C D E |
| | | | | | |
|Tanks |0 |10 |20 |30 |40 |
| | | | | | |
|Bread |75 |68 |54 |47 |0 |
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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