Unit 1: Fundamental Economic Problem, Production Possibility Frontier, Factors of Production, Opportunity Cost

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Unit 1: Fundamental Economic Problem, Production Possibility Frontier, Factors of Production, Opportunity Cost

The Economic Problem

Factors of Production

Opportunity Cost

Production Possibility Frontier/Curve

Paper 1 Practice

Paper 2 Practice

Additional Notes to Opportunity Cost

You will need AV001 and AV001-Additional Notes to complete this short question assignment.

You will need AV003 to complete this assignment

You will need AV004 to complete the short answer assignment.

Opportunity Cost

Factors of Production

Production Possibility Curves

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