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  • Intecom Ex 3 PPF

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    Jom Alovera
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    The document discusses Casio Corporation's production possibility frontier (PPF) for watches and calculators using a fixed amount of labor. It includes a production schedule and questions about opportunity costs of changing production points, defining alternatives inside and outside the PPF, and possible reasons for outward shift of the PPF. Students are asked to graph the PPF using the schedule and answer questions about efficiency and economic growth related to the PPF.

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    Intecom Ex 3 Ppf

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    The document discusses Casio Corporation's production possibility frontier (PPF) for watches and calculators using a fixed amount of labor. It includes a production schedule and questions about opportunity costs of changing production points, defining alternatives inside and outside the PPF, and possible reasons for outward shift of the PPF. Students are asked to graph the PPF using the schedule and answer questions about efficiency and economic growth related to the PPF.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views1 page

    Intecom Ex 3 PPF

    Uploaded by

    Jom Alovera
    The document discusses Casio Corporation's production possibility frontier (PPF) for watches and calculators using a fixed amount of labor. It includes a production schedule and questions about opportunity costs of changing production points, defining alternatives inside and outside the PPF, and possible reasons for outward shift of the PPF. Students are asked to graph the PPF using the schedule and answer questions about efficiency and economic growth related to the PPF.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    ECONOMY EXERCISE NUMBER 3 PRODUCTION-POSSIBILITY FRONTIER

    Objectives: 1. Understand the concept of scarcity, opportunity cost, efficiency in production and economic growth. 2. Learn to illustrate graphically the production-possibility frontier.

    PRODUCTION-POSSIBILITY SCHEDULE OF CASIO CORPORATION


    PRODUCTION ALTERNATIVES LABOR UNITS WATCHES PRODUCTION OUTPUT/DAY (WATCHES) LABOR UNITS CALCULATORS PRODUCTION OUTPUT/DAY (CALCULATORS)

    A B C D E

    200 150 80 50 0

    5,000 4,400 3,400 2,000 0

    0 50 120 150 200

    0 1,800 3,400 4,800 6,000

    1. Illustrate graphically the PPF of Casio Corporation.

    2. What is the given fixed resource? 3. What is the opportunity cost if the corporation decides to change its production from point A to point B? How about from point D to C? 4. Explain the production-possibility alternative inside the PPF. How about the production-possibility alternative outside of the PPF? 5. What could possibly be the reason behind the shift of the entire PPF outwards to the right?

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