Production Possibilities Frontier Simulation and Graphing Practice Worksheet
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Description
Production Possibilities Curve Simulation – Chains and Faces
Definition/Background
The Production Possibilities Curve (PPC) is a model used to indicate the basic tradeoff between two goods and the cost of allocating resources. The PPC shows the production capacity of two goods and the opportunity cost of producing one good in terms of another good.
Objective
Students will engage in a simulation that will emphasize the production and analysis of two products, Chains and Faces. The students will participate in the activity in order to absorb the nuances of the PPC model and its implications. Included in Product: 1. Teacher Instructions for activity 2. Power Point for the activity 3. Worksheet including graphing for PPC Simulation as well as graphing practice sets (six pages).
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11 MB|31 pages
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