PPT aligned to the CIE syllabus. They'll give your presentations a professional, memorable appearance - the kind of sophisticated look that today's audiences expect. 2. Chapter 1 section 3: Production possibilities curve. The productive resources of the community can be used for the production of various alternative goods. Moving from Point A to B will lead to an increase in services (21-27). The Production Possibility Curve (PPC) A PPC shows all the combinations of two ‘goods’ which can be provided if all resources are being used efficiently. • do the ‘Class Activities’ Provided at the end of the presentation, Why is this used? See our Privacy Policy and User Agreement for details. This PowerPoint covers two concepts that seem to give some economics students difficulty. If so, share your PPT presentation slides online with PowerShow.com. Many of them are also animated. The downward slope of the production possibilities curve is an implication of scarcity. Production points inside the curve show an economy is not producing at its comparative advantage. This model is based on three main assumptions. Or use it to create really cool photo slideshows - with 2D and 3D transitions, animation, and your choice of music - that you can share with your Facebook friends or Google+ circles. Production Possibility Curves are: Topics covered included the PPC scarcity, opportunity costs, efficiency etc. Looks like you’ve clipped this slide to already. presentations for free. Cost in the Short Run Cost in the Long Run Long-Run Versus Short-Run Cost ... Unit III: Costs of Production and Perfect Competition, - Unit III: Costs of Production and Perfect Competition, Production and Evolution of High Energy Jets, - Production and Evolution of High Energy Jets Outline (both lectures) A look at the data Theoretical framework Inclusive Jet Cross sections Multijet Events, Production%20Possibilities%20Absolute%20and%20Comparative%20Advantage. If you continue browsing the site, you agree to the use of cookies on this website. - Unit III: Costs of Production and Perfect Competition * $5 MR 15 MC Quantity Price The marginal benefit to society is greater the marginal cost. The PowerPoint PPT presentation: "The Production Possibility Curve" is the property of its rightful owner. Or use it to find and download high-quality how-to PowerPoint ppt presentations with illustrated or animated slides that will teach you how to do something new, also for free. 2. And they’re ready for you to use in your PowerPoint presentations the moment you need them. A production possibilities curve shows the combinations of two goods an economy is capable of producing. Do you have PowerPoint slides to share? Production possibility curve A shows increasing opportunity cost which can be seen at between point AB and Point CD, to increase the production of butter by 10, the quantity of guns needed to be reduced by 5 but as going down the curve like point C and D, to increase the production of butter by 10, the production of 50 guns need to be reduced. Our new CrystalGraphics Chart and Diagram Slides for PowerPoint is a collection of over 1000 impressively designed data-driven chart and editable diagram s guaranteed to impress any audience. The production-possibility frontier can be constructed from the contract curve in an Edgeworth production box diagram of factor intensity. - Chapter 7 The Cost of Production Topics to be Discussed Measuring Cost: Which Costs Matter? And that curve we call, once again-- fancy term, simple idea-- our production possibilities frontier. Pizza Beer A B * Points outside the the PPF are not feasible with existing resources. Because it shows all of the different possibilities we can do, we can get. 3 What can you make out of the resource of Rubber? To view this presentation, you'll need to allow Flash. The production possibility curve represents graphically alternative produc­tion possibilities open to an economy. - The Production Possibilities Curve Lesson 1.3 Trade-Offs and Opportunity Costs Using the Production Possibilities Curve We discussed Trade-Offs and Opportunity costs ... - Power Curve Working Group Overview Peter Stuart Senior Technical Manager Tuesday 06th October 2014 *. production possibilities curve PowerPoint template is editable and ppt template can be customized according to the need and also the above production possibilities curve PowerPoint template is very attractive and made according to … For example, when an economy produces on the PPF curve, increasing the output of goods will have an opportunity cost of fewer services. 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