Production possibilities monsters Inc.

What product does Monsters Inc produce AND how is it produced?

• Electricity/Screams

• Light Bulbs/Edison

• None of the Above

What are the 4 factors of production?

• Land labor capitol and entrepreneur

• MOnsters Doors Mike Sully

• Money factory boss workers

Which of the 4 factors of production do the monster "scarers" represent

• Land

• Labor

• Capitol

• Entrepreneurship

Anything done outside the PPC curve is considered....

• Efficent

• Inefficent

• Impossible

Which is an example of Consumer Goods and Capital Goods?

• Consumer: Scares, Deodorant, Snow Cones

  Capital: Tools and Machines that produce goods

• Consumer: Tools and Machines that produce goods

  Capital: Scares, Deodorant, Snow Cones

In the graph shown, Monsters Inc. is inefficient in developing electricity and sushi.

• True

• False

What happens to the PPC curve when new technology is developed?

• Shifts inward

• Shifts outward

• Stays the same

How did the monsters overcome scarcity to meet their electricity needs?