Step-by-Step Lesson

Learn: Opportunity Cost on a PPF Using Marginal Analysis

Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)

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Steps in this lesson (9)

1
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Match the items on the left with their correct pairs on the right

2
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Match the items on the left with their correct pairs on the right

3
Multiple ChoiceInteractive

What does marginal analysis help economists determine?

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4
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Match the items on the left with their correct pairs on the right

5
Fill in the BlankInteractive

The {{blank0}} of the production possibility frontier represents the {{blank1}} between goods.

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6
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Match the items on the left with their correct pairs on the right

7
Math EquationInteractive

A country produces 20 cars and 50 computers. If producing 5 more cars requires sacrificing 15 computers, what is the opportunity cost per car?

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8
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Match the items on the left with their correct pairs on the right

9
Multi-SelectInteractive

Which statements about opportunity cost on a PPF are correct? (Select all that apply)

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