micro week 1

Covering Chapter 1-3 (Maximum possible points: 50)

See the instruction video, "Production Possibility Curve.ppsm".

A. Draw the production possibilities curve for automobiles and breakfast cereal, and explain how the concept of trade-off could be applied to the production possibilities curve you created, using at least 100 words. (Graphical analysis is required)

B. Explain two possible factors that could shift the production possibilities curve for automobiles and breakfast cereal outward, using at least 100 words and graph.(Graphical analysis is required)

C. Should you go to the movie theatre this Saturday or do something else? Explain this using the concept of opportunity cost, using at least 100 words.

Note: Scan the graph in part A as a PDF (or JPEG) and attach it below under Assignment Materials. Make sure you include everything in one word or PDF file, and multiple submissions are not allowed. I will return your assignment if you submit multiple submissions (multiple documents).  

• Levels of AchievementCriteriaExemplaryAccomplishedDevelopingBeginning

  Knowledge

  Weight 40.00%

  90 to 100 %

  Demonstrates mastery and accuracy of concepts, terms and theories selected by the student without error

  80 to 89 %

  Demonstrates mastery and accuracy of most of the major concepts, terms, and theories with several errors

  70 to 79 %

  Demonstrates moderate understanding of a few of the concepts, terms and theories, but lacks a mastery of the majority

  0 to 69 %

  Demonstrates basic understanding of the concepts, terms, and theories, but lacks any mastery at all

  Quantitative Skill 

  Weight 40.00%

  90 to 100 %

  Provides graphical analysis and/or calculations with great accuracy without error

  80 to 89 %

  Provides graphical analysis and/or calculations with great accuracy without several errors

  70 to 79 %

  Provides graphical analysis and/or calculations with moderate accuracy with many errors

  0 to 69 %

  Provide no graphical analysis and/or calculations

  Writing & Organization

  Weight 20.00%

  90 to 100 %

  The structure of content is strong and helps readers move through the text smoothly. The content contains effective transitions between paragraphs. Minimum words requirement is met

  89 to 89 %

  The structure of content has a clear organizational structure, and helps readers to understand fairly easy, but slightly lacks effective transitions between paragraphs. Minimum words requirement is met

  70 to 79 %

  The structure of content is understandable, but significantly lacks effective transitions between paragraphs. Minimum words requirement is not met

  0 to 69 %

  The content lacks coherence, and requires readers to reread substantial portions. Minimum words requirement is not met

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