As a society we are always faced with chocies. Do we buy a car? or do we just take public transportation? As a business do we increase production or decrease production. Opportunity costs are apart of every decision so lets explore the opportunity costs and trade-offs of the companies below.
Directions: First, You must click on the names of each topic and read that page. Then answer the questions below.
1. What are the choices of production for each topic?
2. What is the opportunity cost for each topic?
3. What are the trade-offs?
4. What factors of production are present?
5. After reading each page determine the type of goods offered by each company. Ex: Durable/Nondurable ect.
6. Research and explain the production process for one good for each company.
7. Create an economic model that best represents the production process of that good and how it affects the overall economy.
COMIC BOOKS VEHICLES TOYS
Directions: First, You must click on the names of each topic and read that page. Then answer the questions below.
1. What are the choices of production for each topic?
2. What is the opportunity cost for each topic?
3. What are the trade-offs?
4. What factors of production are present?
5. After reading each page determine the type of goods offered by each company. Ex: Durable/Nondurable ect.
6. Research and explain the production process for one good for each company.
7. Create an economic model that best represents the production process of that good and how it affects the overall economy.
COMIC BOOKS VEHICLES TOYS