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Production Possibilities Frontier Worksheet Farmer Brown Answer Key
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A production possibilities frontier or PPF defines the set of possible combinations of goods and services a society can produce given the resources available Choices outside the PPF are unattainable at least in any sustainable way and choices inside the PPF are inefficient
AP Economi Name PPF Practice Production Possibilities Frontier Worksheet 1 Farmer Brown has four fields that can produce com or tobacco Assume that the trade off between corn and tobacco within each field is constant The maximum yields are given in this table Floid Com 20 Tobacco 30 a
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2 The following data give the production possibilities of an economy that produces two types of goods cloth horizontal axis and wheat vertical axis End of preview Want to read all 2 pages Upload your study docs or become a member View full document
This document contains an answer key for a test covering multiple choice questions ordering items from concepts ranging from command economies to Maslow s hierarchy of needs and identifying points on a production possibilities frontier graph
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The production possibilities curve PPC is a graph that shows all of the different combinations of output that can be produced given current resources and technology Sometimes called the production possibilities frontier PPF the PPC illustrates scarcity and tradeoffs
Production Possibilities Frontier Practice Directions Using the x and y values plot the points and graph the PPF Label your axes Then answer the questions that follow 1 What is the opportunity cost of changing production from 10 chairs to 40 chairs Answer 2
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AP Economi Name PPF Practice Production Possibilities Frontier Worksheet 1 Farmer Brown has four fields that can produce com or tobacco Assume that the trade off between corn and tobacco within each field is constant The maximum yields are given in this table Floid Com 20 Tobacco 30 a
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The table above presents the production possibilities of Farmer Brown Use these data to calculate Farmer Brown s opportunity cost of additional beef as Farmer Brown moves from point A to B to C to D
AP Economi Name PPF Practice Production Possibilities Frontier Worksheet 1 Farmer Brown has four fields that can produce com or tobacco Assume that the trade off between corn and tobacco within each field is constant The maximum yields are given in this table Floid Com 20 Tobacco 30 a
The table above presents the production possibilities of Farmer Brown Use these data to calculate Farmer Brown s opportunity cost of additional beef as Farmer Brown moves from point A to B to C to D
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