Production Possibilities Curve Practice 1A) Youwant to bake cookies for your Economics lass. You only have enough Ingredients to make five Bates of cookies, Pk two diferent ype of okies yo cold mak. raw a PC ov the graph blow toillustrate the different combinations of cookies you could make. Label your points on the graph. et 1) It you were originally makina § hatches of just one kindof cookie s+ ‘what would the opportunity cost belf yoo deeied to make 2 at hatehes of the other kind? What elie isthe opportunity benefit? ot ar 10) Whatwould the opportunity benefit be if you went from gals making 5 batches of ust one kind of eookie fo making 4 batches of L}ij py p41. ‘the other kind? What is the opportunity cost? Cookies 1) Just whan you thought you ran ovt of cookie ingredients your parents came howe from Vons with ‘enough cookie ingredients for one more batch of cookies obviously so you ean make an entire batch just for Mrs. 1), Illustrate how your PPC would change on the graph above. Production Possibilities Curve Practice 1A) Youwant to bake cookies for your Economics class. You only have evough Ingredients to make five batches of uke, Pek two afferent types of ovkes you cod ak. Praw aFFC onthe araph below toillustrate the different combinations of cookies you eovld make. Label yo poirts on the graph. eft 18) It youwere originally making 5 batches of just one kindof cookie, s+ what would the opportunity cost belf you deeded to make 2 vale hatches ofthe other kind? What isthe opportunity benefit? Cookie ot at IC) What would the opportunity benefitbeif you went from gob ‘making 5 batches of ust one kind af eookie to making 4 batches of Lt} jf | 4 ‘the other kind? What is the opportunity cost? Cookies 1) Just when you thought you ran out of cookie ingredients, your parents came home from Vons with ‘enough cookie ingredients for one more bateh of cookles obviously so you ean make an entire batch just for Mrs. 1), Illustrate how your PPC would change on the graph above.