Edexcel A Level · 9EC0 · Theme 1: Introduction to markets and market failure
1.1.4 Production Possibility Frontiers
Also Edexcel AS 8EC0
Everything you need for questions on production possibility frontiers, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- What a PPF shows
- Opportunity cost on a PPF
- Shifts of the PPF
- Capital vs consumer goods
- A classic chain
- Classic question: is producing on the PPF always the best outcome?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Move along, and inside, the frontier
- Opportunity cost from a PPF
- Movements and shifts
- Invest now, consume later?
- Reading the PPF critically
- Build the chain
- Exam practice
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