Through a series of videos and notes, lesson gives students a better understanding of the production possibilities curve and how it applies to economics.

Practice what you have learned about the production possibilities curve (PPC) in this four-question exercise.

Learners will apply the concepts of scarcity, choice, and opportunity costs using a production possibilities curve. Students will interpret points inside and outside the curve. As an extension, learners will see the relationship between...

In this exercise, practice using data from a production possibilities curve to calculate opportunity costs.

Production Possibilities Curve (PPC) also called a Production Possibilities Frontier)is a graphical model that represents all of the different combinations of two goods that can be produced; the PPC captures scarcity of resources and...

The Production Possibilities Frontier (PPF) is a graph that shows all the different combinations of output of two goods that can be produced using available resources and technology. The PPF captures the concepts of scarcity, choice, and...

Practice what you have learned about long-run production costs and the relationship between the long-run average total cost curve and economies of scale, diseconomies of scale, and minimum efficient scale in this exercise.

This site shows an good example of opportunity costs along with related production possibilities curves.

This site shows an good example of opportunity costs along with related production possibilities curves.

This site shows an good example of opportunity costs along with related production possibilities curves.

Practice what you've learned about opportunity cost and the PPC model in this four-question exercise. Topics include how to interpret the PPC, how the PPC shows opportunity costs, and how to represent efficiency and inefficiency using...

Practice what you've learned about modeling a short-run macroeconomic equilibrium in this exercise.