Professional Documents
Culture Documents
Creating Production Possibilities Schedules and Curves: Student Assignment
Creating Production Possibilities Schedules and Curves: Student Assignment
Creating Production Possibilities Schedules and Curves: Student Assignment
SchedulesProduction Possibilities
and Curves
Student Assignment
In this assignment, you will create a production possibilities schedule and curve to
determine what your opportunity costs are and which product is the best for you to
produce.
Directions:
Keep your lesson and assignment open in case you need to review what you have
learned.
You are getting ready to open The Shoe Hut, but you need to need to determine
whether you have the absolute or comparative advantage in the production of
specific items. This will help you determine which product is the best for
specialization.
• For every 2 hiking boot inserts produced, you give up the production of 3
running shoe inserts.
•
• Your production possibilities schedule will help you determine:
• Using the information that you learned about your ability to produce running
shoe inserts and hiking boot inserts, complete your production possibilities
schedule. (5 points)
Running shoe
Combinations Hiking boot inserts
inserts
A 0 10
B 3 9
C 3 8
D 6 7
E 6 6
F 9 5
•
• Use the information from your production possibilities schedule to create your
production possibilities curve by filling in the following graph. Use textboxes to
insert text, and use lines and circles from the shapes function to illustrate your
production possibilities. Be sure to mark points A through F on the graph. (5
points)
• Based on the data within your schedule and curve, are you using your
resources efficiently? Support your answer using the data presented. (5
points)
Based on this schedule curve I would say that we are using our resources efficently. I say this
because the amount of any product never goes down it always goes up or always stays the same.
• Based on the information you used to create your schedule and curve, which
product would you recommend the Shoe Hut focus on, and why? Provide
details that support your answer. (5 points)
I would recomend to focus on the running shoe inserts because you can make more of those over
time.