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Grade 9-12
,
Lesson

Production Possibilities Curve

Time: 45 mins,
Updated: October 17 2023,
Author: Sue Lynn Sasser, Mike Fladlien
Teacher Version
Objective Standards Summary
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Objective

Students will be able to:

  • Explain a production possibilities curve.
  • Use a production possibilities to curve to calculate opportunity costs.

Standards

National Standards in Economics

State Standards

Common Core State Standards

Concepts

Choice, Decision Making/Cost-Benefit Analysis, Scarcity

In this economics lesson, students will use a production possibilities curve to learn about scarcity and opportunity cost.

Subjects:
Economics,Math,Business

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