Ch. 2 - Introductory Economic ModelsWorksheetSee all chapters
All Chapters
Ch. 1 - Introduction to Microeconomics
Ch. 2 - Introductory Economic Models
Ch. 3 - Supply and Demand
Ch. 4 - Elasticity
Ch. 5 - Consumer and Producer Surplus; Price Ceilings and Floors
Ch. 6 - Introduction to Taxes and Subsidies
Ch. 7 - Externalities
Ch. 8 - The Types of Goods
Ch. 9 - International Trade
Ch. 10 - The Costs of Production
Ch. 11 - Perfect Competition
Ch. 12 - Monopoly
Ch. 13 - Monopolistic Competition
Ch. 14 - Oligopoly
Ch. 15 - Markets for the Factors of Production
Ch. 16 - Income Inequality and Poverty
Ch. 17 - Asymmetric Information, Voting, and Public Choice
Ch. 18 - Consumer Choice and Behavioral Economics
Changes in the amount of resources or technology will affect our PPF. Hold on tight! We're expanding (our knowledge)!

Concept #1: Technological Advances in an Industry

Concept #2: General Economic Growth

Practice: The country of Clutchtopia has just stumbled upon a new technology as shown on the graph. 

If Clutchtopians demand 3 million pizza bagels, what is the productively efficient increase in robot production?

Practice: The country of Clutchtopia has just stumbled upon a new technology as shown on the graph. 

What type of PPF shift did Clutchtopia experience?

Practice: The country of Clutchtopia has just stumbled upon a new technology as shown on the graph. 

What is the maximum amount of robots that can be produced in Clutchtopia after the shift?