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How to do the following ppc curves? Production Possibilities Curve [PPC] Practice [round 2] Directions: Use your notes about the PPC to help you draw

How to do the following ppc curves?

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Production Possibilities Curve [PPC] Practice [round 2] Directions: Use your notes about the PPC to help you draw the PPC curves. 1. Practice- your turn! Coordinate Grid a. Draw your own PPC including two products and numbers on the axis that make sense . i. Step 1: Draw a Production Possibilities Table to determine your points of possible production ii. Step 2: label your x- and y-axes with the names of the two products iti. Step 3: Plot the points from your Production Possibilities Table onto the graph iv . Step 4: Connect the points on the graph to create your PPC. 2. Practice- your turn! Coordinate Grid a. Shifting the PPC i. Step 1- Label your axes capital y goods and consumer goods. ii. Step 2- Draw points on the graph. iii. Step 3- Connect your points and label this PPC1. iv . Step 4- Draw a new PPC in a different color that indicates an improved manufacturing process. Label this PPC2. V . Explain the reason for your shift. XCoordinate Grid 3. Practice- your turn! a. Shifting the PPC i. Step 1- Label your axes Twix and Reese Pieces. ii. Step 2- Draw points on the graph. iii. Step 3- Connect your points and label this PPC1. iv . Step 4- Draw a new PPC in a different color that indicates a shortage of cocoa beans. Label this PPC2. V . Explain the reason for your shift. 4. Practice- your turn! Coordinate Grid a. Shifting the PPC i . Step 1- Label your axes furniture V and kitchen cabinets. ii. Step 2- Draw points on the graph. ifi. Step 3- Connect your points and label this PPC1. iv . Step 4- Draw a new PPC in a different color that indicates that the US has stopped importing lumber from the Tropics while also not increasing the amount of lumber produced domestically. Label this PPC2. V . Explain the reason for your shift. X

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