Economics: Chapter One Group Assignment

Chapter One  Group Assignment 

1.        ONE Production Possibility Charts (PPC) that will compare the opportunity cost of two items (20 pts)

a.        Each chart must include : Titles:  Chart Title , X-axis, & Y axis titles-5  

b.       Table:  Numerical value of each opportunity cost-5

c.        Graph: visual representation of trade-offs-5

d.       Chart Description (three sentences min.) -5

2.        Factor of Production Colleague  (40 pts)  

a.         Create a colleague of the factors of production that is involved in your business

                                                                           i.      Each college must include 5 photos per factor  (20)

                                                                                             Factors include: Capitol, Entrepreneurship , Land, & Labor

                                                                        ii.      Each section must include a five sentence paragraph that explaining the importance of each photo to your business (20)