movement of the frontier line in a ppf
DESCRIPTION
Movement of the Frontier Line in a PPF. Your economy. Tourism Pineapples. Factors of Production. Land (natural resources) Labor (workers) Capital (tools) Entrepreneurship. Graph of the Factors of Production. Factors of Production. Land (natural resources) - PowerPoint PPT PresentationTRANSCRIPT
Movement of the Frontier Line in a PPF
Your economy
Tourism
Pineapples
Factors of Production
• Land (natural resources)• Labor (workers)• Capital (tools)• Entrepreneurship
Graph of the Factors of ProductionTourism(1,000 visitors)
Pineapples(tons of fruit grown)
100 0
80 2
60 4
40 6
20 8
0 10
100, 0
80, 2
60, 4
40, 6
20, 8
0, 10
0
2
4
6
8
10
12
0 50 100
Tourism
Pine
appl
es
Factors of Production
• Land (natural resources)• Labor (workers)• Capital (tools)• Entrepreneurship
Graph of the Factors of ProductionTourism(1,000 visitors)
Pineapples(tons of fruit grown)
100 / 120
0 / 0
80 / 100 2 / 4
60 / 80 4 / 6
40 / 60 6 / 8
20 / 40 8 / 10
0 / 0 10 / 12
0
2
4
6
8
10
12
14
0 50 100 150
Tourism
Pine
appl
es
Factors of Production
• Land (natural resources)• Labor (workers)• Capital (tools)• Entrepreneurship
Graph of the Factors of ProductionTourism(1,000 visitors)
Pineapples(tons of fruit grown)
100 / 80
0 / 0
80 / 60 2 / 1
60 / 40 4 / 2
40 / 20 6 / 3
20 / 10 8 / 4
0 / 0 10/ 5
0
2
4
6
8
10
12
0 20 40 60 80 100 120
Tourism
Pinea
pple