Wednesday, August 28, 2013

Economics~ 8/27/13~ Possibilities Frontier/Curve Bell Ringer

Possibilities Frontier/Curve Bell Ringer 
Follow the directions the below:


1. Look up the production possibilities frontier/ curve in the book. (g 18-19)
2. Draw your own unique version of a possibilities frontier/curve and illustrate opportunity cost. (It should be shown in two places on the graph). Use Color. 
3. Write a couple of sentences explaining
      a. How does possibilities frontier/curve work?
      b. How does it visually demonstrates opportunity cost?

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