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Unit 2 - Small Business 2 Congratulations! You are opening an airport (because why not) warUse a production possibilities curve to explain the concepts of: E.06 Choice Growth Productivity Tradeoffs Scarcity Unemployment Opportunity cost USE ATTACHED GRAPH. BE SURE TO LABEL THE GRAPH. (GRAPH #1) Before you begin, you want to look and see what all PRODUCTION POSSBILITIES there are for your airport. Plot the following possibilities: Types of C D E Flights Domestic 400 320 240 160 50 International 0 10 20 30 40 Additionally, place a point (G) that would indicate that your business is inefficient, AND plot a point (H) that indicates that your business cannot attain that level of production. Let us examine the concept of opportunity costs and trade-offs. What happens if you start at Point 'C' and you move your business to: From C.> Opportunity Cost (express in negative numbers - le., -43 domestic) D ANSWER THE ABOVE CHART ON GRAPH #1