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

ENVS 3200 Assignment 1: What specific Acts, Regulations and/or Bylaws

In no more than 1200 words, please respond to the following tasks and questions. 1.       Find an environmental issue that has been reported on in the media and which has or will likely have a legal component.  It may be a federal, provincial or municipal issue, but must be within

You have been hired as a security consultant with Wayland

You have been hired as a security consultant with Wayland Fruit Company. You are tasked to prepare a report addressing the following issues: 1. Why is Information Systems Security such a big issue for Wayland Fruit Company?2. What are the main Information Systems Security challenges faced by Wayland Fruit Company?3.

Select a piece of Informational text and Narrative text (both

 Select a piece of Informational text and Narrative text (both developmentally appropriate). Prepare discussion questions that will involve your student’s child in literal and critical thinking. Your assignment should be set up like this:  Title of Informational text, author A brief summary of the text 5 literal questions 5 inferential and critical

Fill out attached teacher interview/ teacher observation Part 3: Integrating

 Fill out attached teacher interview/ teacher observation Part 3: Integrating Technology into Instructional Strategy Presentation and Job Aid 1.Create a 7- to 9-slide presentation aimed at training faculty on integrating computer-based and web-based tools to conduct a lesson. Summarize the class environment, student age and demographics, lesson topics, and tools

This assignment will help to identify the normal growth and

 This assignment will help to identify the normal growth and development by topic for each age group. In the final column of the assignment, you need to observe a child and apply the information you gathered and document your findings in comparison by the particular age of that child.   

How best can the United States, as a country, manage

  How best can the United States, as a country, manage this growth in the allied health sector? What role does the 2008 Medicare Improvement for Patients and Providers Act (MIPPA), accrediting body requirements for workplace safety, risk management, and quality care, play in this effort? Provide examples. Analyze the

ASU Developing Clinical Measures for Congestive Heart Nursing Assignment Help

In this clinical data analysis exercise, we will learn how to lay a foundation for measures development. Measures represent a relatively new concept in the healthcare data science space, and are designed to assist providers, payers, and patients with managing complex medical conditions and proactively identifying patients at risk for

An effective way to learn to facilitate an anti-bias learning

  An effective way to learn to  facilitate an anti-bias learning community and foster a climate of  fairness is through the analysis of real-world scenarios. By looking  closely at situations that could actually happen in an early childhood  setting and evaluating what actions you might take in these types of

Overview Imagine that you are a legislative consultant hired to

Overview Imagine that you are a legislative consultant hired to assess the influence of stakeholders and interest groups on the health policy issue you chose for your Project Two submission. Your supervisor has asked that you present your findings to the senior leadership of your organization. This will help inform

Page Not Found – Premium Paper Help

Premium Paper Help is a professional writing service that provides original papers. Our products include academic papers of varying complexity and other personalized services, along with research materials for assistance purposes only. All the materials from our website should be used with proper references.

California Prison System—How Do You Fix It?

On May 23, 2011, the United States Supreme Court ordered California to reduce the number of inmates housed in state prisons by over 35,000 prisoners over a 2-year period. Immediately after this decision, California policy makers began to examine how to implement this change. In making this evaluation, they examined

1 page US-CERT (United States Computer Emergency Readiness Team) provide

 1 page US-CERT (United States Computer Emergency Readiness Team) provide timely information about current security issues, vulnerabilities, and exploits. At https://www.us-cert.gov/mailing-lists-and-feeds you can subscribe to their mailing lists and feeds. Join one of the mailing lists or feeds and see what type of security information you can receive from CERT

CASE DISCUSSION QUESTIONS: 1. Using the five forces framework, how

CASE DISCUSSION QUESTIONS: 1. Using the five forces framework, how would you char-acterize the competition in the automobile industry be-fore the recent disruptions brought by EVs, AVs, and ride sharing? 2. Using the five forces framework, how would you charac-terize the competition in this industry in 2040? 3. ON ETHICS:

Overview: You will use the scenario and Ishikawa diagram documents

Overview: You will use the scenario and Ishikawa diagram documents as you complete this assignment.  Prompt: In this assignment, you will complete an Ishikawa chart and make recommendations for corrective actions. Identify five root causes for each of the three issues. You do not need to identify one root cause

The research proposal is requirement for this course and will

 The research proposal is requirement for this course and will require students to include an introduction to the problem, a review of literature that provides the theoretical and/or conceptual framework for the assignment, the research questions/hypotheses, data collection methods and limitations of the study.  A minimum of ten peer-reviewed sources