LITTLE SHEPHERD INTEGRATED MONTESSORI

Lumban, Laguna

SY: 2020-2021
ASSIGNMENT # 1
Subject: Applied Economics
Name: ______________________________________________ Date submitted: ____________
Grade Level: _________________ Adviser: _________________________
Instruction: Analyze the output schedule provided below. Plot the corresponding graphs of the outputs of the two countries.
Calculate the opportunity costs to find out which product each country should specialize in. Write your answers on the space
provided.
Output Schedule before Specialization
Country Dried Mango Chocolate (kg)
Philippines 300 150
Indonesia 150 120
A. Graph B. Opportunity Cost