PPF Pop Quiz

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PPF Pop Quiz
Student Name: _______________________________________
6. Consider the following production possibilities schedule.
Production Scenario
A
B
C
D
E
F
Jars of Jam
0
6
9
11
13
14
Dozens of Eggs
10
8
6
4
2
0
a) Construct a PPC curve for the schedule shown above.
PPF Pop Quiz
Student Name: _______________________________________
b) On the curve, locate a point that represents unattainable production of jam and
eggs. Under what circumstances would this production level be attainable. Explain
and provide examples.
c) On the curve, locate a point that represents a situation of underemployment of the
economy's resources. Explain.
d) Calculate the opportunity cost for jam at each level of production.
e) What is the total opportunity cost of 13 jars of jam?
Student Answers
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