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- Exercise 2: Production Possibilities Frontier
Exercise 2: Production Possibilities Frontier
Authored by Norman Cruz
Social Studies
9th Grade
Used 3+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the firms in the choices below should specialize in producing hamburgers?
Wendy's
Burger King
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the firms in the choices below should specialize in producing fried chicken?
Jollibee
McDonald's
Wendy's
Burger King
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Examine the PPF provided. Which firm should specialize in producing Barbie dolls?
Firm A
Firm B
Firm C
Answer explanation
Firm C is able to produce more Barbie at lower opportunity cost (lego)
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Using the same PPF provided in number 3, which firm should specialize in producing Lego?
Firm A
Firm B
Firm C
Answer explanation
Firm A is able to produce more Lego at lower opportunity cost (barbie)
5.
OPEN ENDED QUESTION
1 min • 1 pt
What is the difference between constant and inconstant opportunity cost? How does it affect the production possibilities frontier?
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