Unit 2 - Small Business 2 Congratulations! You are opening an airport (because why not). Use a production possibilities curve to explain the concepts of: E.06 Choice Growth Productivity Tradeoffs Opportunity cost Scarcity Unemployment USE ATTACHED GRAPH. BE SURE TO LABEL THE GRAPH. (GRAPH #1) Before you begin, you want to look and see what all PRODUCTION POSSBILITIES there are for your airport. Plot the following possibilities: Types of A B C D E F Flights Domestic 400 320 240 160 80 0 International | 0 10 20 30 40 50 Additionally, place a point (G) that would indicate that your business is inefficient, AND plot a point (H) that indicates that your business cannot attain that level of production. Let us examine the concept of opportunity costs and trade-offs. What happens if you start at Point 'C' and you move your business to: From C-> Opportunity Cost (express in negative numbers - i.e., -43 domestic) D m B A ANSWER THE ABOVE CHART ON GRAPH #1