PPF Curve Practice

PPF Curve Practice What is the opportunity cost of increasing wheat production by 200 pounds by moving production from Point B to Point C? What is the opportunity cost of increasing wheat production by 200 points by moving production from Point C to Point D? How would the line change if they found a way to produce more wheat? Draw it on the graph with a different color. How would new computer technology affect the line? Draw it on the graph with a different color.

The Power to Choose - Are you maximizing the utility of your free time? According to the article, why are teenagers working less? What are the tradeoffs for teens who decide not to work? In your opinion, are these tradeoffs worth it? Why or why not? Do you work? If so, what is your opportunity cost for having a job? If not, what is your opportunity cost for not having a job?