Complete the table for Opportunity Cost below – note that O/C occurs going FROM one Possibility TO another so we write the value in-between lines (i.e. going from A to B).
Table 1
Possibility
Cars
Bikes
O / C
A
0
40
B
1
30
C
2
20
D
3
10
E
4
0
Sketch the PPC for both Table 1 and then Table 2 – what do you notice about the shapes of the PPC? How does this relate to the Opportunity Cost? (cars horizontal axis and bikes vertical)
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