Discussion Point 1: Using your own personal situation, describe what a PPC/PPF for your life looks like using possible economics grades on the vertical axis and your life (describe the various activities with the most important activity nearest the origin of the graph) on the horizontal axis (two dimensional diagram). Label a combination of your Economics Grade & your life as point c. Describe this point. What would you do to find the exact opportunity cost of this point in terms of your economics grade and your life (calculation of slope may be relevant here). What would this point tell you (to receive credit, your posts must answer the questions posed)?
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Discussion Point 2: Determine the circumstances of when you would be living on a point within your PPF; discuss how you could get on a point outside of your frontier. Discuss a point on the frontier and a strategy to get outside of your frontier (to receive credit, your posts must answer the questions posted).
Discussion Point 3: Assume that you are the new manager of the Econ Café where cups of coffee and/or cups of cappuccino are served Discuss why you would want to formulate a PPF for you operation. How would you do this (be specific)? What purpose would this serve?
Discussion Point 4: If you are working or have worked, discuss a time where you did or could have come up with a plan that would have moved your operation to a point outside of its PPF (note: this is not the same question as DPs 1 & 2 which asked about your personal PPF – this question relates to your employment and your efforts to move your operation’s to a point on a PPF beyond where it is now – if you don’t have this type of experience, don’t post a response here).
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