Creating Production Possibilities Schedules and Curves  Creating Production Possibilities Schedules and Curves Student Assignment In this

Creating Production Possibilities Schedules and Curves 

Creating Production Possibilities Schedules 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:

Gather materials and necessary information.

Ask your teacher which word-processing software you will be using.

Keep your lesson and assignment open in case you need to review what you have learned.

Read and follow each set of instructions carefully.

a) Compete the production possibilities schedule and production possibilities curve, starting with the information provided. Be sure to ask your teacher for help if you are not sure how to do this.

b) Make sure you complete the questions on each page.

Assignment: Determining Production Possibilities

You are getting ready to open The Shoe Hut, but you 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.

Your production possibilities are as follows:

· You have the resources to produce up to 15 running shoe inserts.

· You have the resources to produce up to 10 hiking boot inserts.

· 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:

· your opportunity costs.

· your best options for production.

Scroll to the next page to complete your production possibilities schedule.

1. 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)

Combinations

Running shoe inserts

Hiking boot inserts

A

B

C

D

E

F

1. 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 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)

Page 2 | © Edgenuity Inc.

image1.png

image2.jpeg

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

This assignment will help you understand how to perform an

This assignment will help you understand how to perform an Economic Analysis for your Industry and identify how the economy impacts your business. Using the provided template, you’ll begin by determining the US GDP and the minimum wage rate and corporate tax rate in your state. Then you will discuss

Cardiovascular disease includes a class of diseases in which the

  Cardiovascular disease includes a class of diseases in which the heart and blood vessels are affected.  Do a little research, and in your own words, describe one type of cardiovascular disease in detail. What actions should be taken by individuals and society as a whole to reduce the prevalence of this

Human Pathogens

1) Introduction to pathogens.  i) Definition and explanation  ii) Types in relation to Domains, Kingdom or Phylum and 2 – 6 examples for each type.  * next Select any one pathogen from above list, preferably a microbe to discuss the following: 2) Classification of pathogen you selected from Domain to

Compare the physical assessment of a child to that of

 Compare the physical assessment of a child to that of an adult. In addition to describing the similar/different aspects of the physical assessment, explain how the nurse would offer instruction during the assessment, how communication would be adapted to offer explanations, and what strategies the nurse would use to encourage

Develop a marketing plan for a small business(either real or

Develop a marketing plan for a small business(either real or fictional). Small business: Website Design The assignment should be in below formatNeed a brief introduction in 2 pages 1. Cover Page 2. Executive Summary 3. Target Customers 4. Unique Selling Proposition 5. Pricing and Positioning Strategy 6. Distribution Strategy 7.

Prompt (Choose One): 1. Evaluate the impact of the expansion

  Prompt (Choose One): 1. Evaluate the impact of the expansion of capitalism, wage labor, and manufacturing into the “New South” and “Old West” from 1877-1900. 2. Explain the relationship of urbanization, immigration, and industrialization with the national political events of from 1877-1900 including partisan elections, national legislative reforms, and

You will schedule and conduct an informational interview by phone,

 You will schedule and conduct an informational interview by phone, online, or face to face if the situation allows. Your Career Mentor must be someone who has experience in your field of interest and has been involved in hiring. Your mentor should have a minimum of three years of experience in

Describe the symptoms of depression and explain how depression differs

  Describe the symptoms of depression and explain how depression differs from feelings of sadness or describe the symptoms of clinical anxiety and explain how clinical anxiety differs from feelings of worry. Research at least two strategies for combating symptoms of depression or anxiety. Utilize only peer-reviewed journals for your research. Share

Scientific method

 Identify a scientific question that you would like to answer. Design an experiment to answer this question. Be sure to include/identify the hypothesis, control group, experimental group(s), independent variable, and dependent variable. Does your experiment measure qualitative or quantitative data? How can you increase the validity of your research? (Refer

Critical Thinking: Student Advocacy and “Sweatshop” Labor: The Case of

 Critical Thinking: Student Advocacy and “Sweatshop” Labor: The Case of Russell Athletic Using the Six Steps of Decision-Making framework from this week’s content, please develop an responding to the following questions related to the case study Student Advocacy and “Sweatshop” Labor: The Case of Russell Athletic (p. 109). Recognize decision

10 Health Care Trends for 2017 Discussion Nursing Assignment Help

Trends affecting the business and administration side of healthcare: Analyze and evaluate the two most salient trends impacting the business operations and/or administration. Are these trends uniquely different for ancillary services vs. inpatient services? Where do you see these trends going in the future and why? reply 1  Two Trends

CASE STUDY- Manage virtual team

 Description “Lauren is assigned manager of a project with a cross-functional team. Lauren has reviewed the profiles of her six team members her boss gave her. Lauren is both intrigued and anxious when she sees that team members are geographically dispersed. Lauren works from the Atlanta office. One team member

Chronic Disease ManagementChoose one of the following chronic diseases to address in this component: Hypertension Chronic Obstructive Pulmonary Disease Diabetes Mellitus type 2 Childhood AsthmaCom Nursing Assignment Help

Chronic Disease ManagementChoose one of the following chronic diseases to address in this component: Hypertension Chronic Obstructive Pulmonary Disease Diabetes Mellitus type 2 Childhood AsthmaComplete the following: Detail the population including who the members are, contributing causes, past medical history, family/genetic components. Evaluate the population including size, seriousness of disease,

CASE STUDY #1: You are working with an amateur bodybuilder who is 12

CASE STUDY #1: You are working with an amateur bodybuilder who is 12 months out from a bodybuilding competition. Design a year-long periodized training program for the athlete with the objective of optimizing the client’s physique at the time of the competition. The training program should include the following: A

This week we will look at the rise and fall

  This week we will look at the rise and fall of Rome. Rome was not built in a day, and it did not collapse in a day (not all of it collapsed). Your discussion will focus on Rome as both a Republic and Empire. There are two options for

The Business Environment: a management report that presents current

You are a Management Consultant who has been commissioned by a local business (of your choice) who is considering developing their export business. You are required to provide them with a management report that presents current environmental trends and macro environmental factors that they need to be aware of.  

Assignment Content Review the Problem Analysis worksheet. Select one of

Assignment Content Review the Problem Analysis worksheet. Select one of the solutions you proposed in the Problem Analysis worksheet. Case Scenario 2 The staff members at Smiley Hospital are assigned to specific patient age groups and their responsibilities differ across the unit. The staff has been complaining that their evaluations