Opportunity Cost (#triangles) Choose either squares or triangles from the object below. How many triangles did you make? How many squares did you make? From the previous object fill out the Productions Possibility Table below. From the Production Possibilities Table to the left, create the Production Possibilities Curve below. Possibilities # of Squares # of Triangles Opportunity Cost (#triangles) A 10 NA B C D E F 10 9 8 7 # of Triangles 6 5 4 3 2 1 1 2 3 4 5 1. What is the opportunity cost of producing the 1st square? What about the 2nd? # of Squares 2. What can you tell about the slope of the curve? Do you think this happens in real life?

Look at the Production Possibilities Curves and Table to answer the following questions. 3. The economy can produce at which points? 4. Which point represents the maximum production of Tubas? 5. The economy can’t produce at which points? 6. Which point(s) is the economy inefficient? 7. The opportunity cost to the economy of getting 30 additional toothbrushes by moving from point A to point D is what? 8. The opportunity cost in terms of toothbrushes of getting 10 additional toasters by moving from point B to point A is what? (Think about this before you answer) Dolls Fire Trucks 400     0 300 200 350 100 450 500 9. What is the opportunity cost to Toyland of increasing the production of dolls from 200 to 300?