Task

Complete PPF Basics.

After you have proofread your document for grammar and spelling errors, submit the task to the 1.04 PPF Basics Dropbox.

Use the Geogebra interactive graph to complete 1.04 PPF Graph.

You may view step-by-step directions on how to use Geogebra tools by downloading Instructions for Using Geogebra.

Task Instructions:

1. Plot each point shown in the table below on the interactive graph. Then, use the tools on the interactive graph's toolbar to connect the points and complete the production possibilities curve.

Rice Corn
09 tons
1 ton7.5 tons
2 tons6 tons
3 tons4.5 tons
4 tons3 tons
5 tons1.5 tons
6 tons0

2. Plot the following points on the interactive graph:

  1. 3 corn, 3 rice (Point A).
  2. 3 corn, 7 rice (Point B).

3. Open 1.04 PPF Graph. Use the production possibilities curve you created in Steps 1 and 2 to answer the questions in the blanks provided on 1.04 PPF Graph.

4. Use the tools on the interactive graph's toolbar to create an image of the finished production possibilities curve. See Instructions for Using Geogebra for guidance.

5. Finally, paste the image of the finished production possibilities curve that you created in Step 4 to the end of 1.04 PPF Graph and save the document.

After you have proofread your work for grammar and spelling errors, submit the task to the 1.04 PPF Graph Dropbox.

Go the Quizzes section and take the Unit 1 Test.

You may use the material on the websites listed below to review for the unit test.

Go to Reffonomics.com and view the What is Economics? presentation.

Go to Reffonomics.com and view the Trade Off and Opportunity Cost? presentation.

Go to Reffonomics.com and view the Introduction to Resources presentation.

 

 

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