Question

Imagine products you might create in a given amount of time: poems, baked goods, online videos, movie reviews, video game mods, scarves, drawings, or anything else you can picture yourself making as part of a small, one-person business. Choose and describe two such products. They will be product 1 and product 2.

Answer 1

Answer:

Product 1: Online video. Production time: two hours.

Product 2. Movie review. Production time: one hour.

Explanation:

Considering that this is the first step on an assignment aimed to create a Production Possibilities Curve, two products with different amounts of production time should be chosen in order to be able to assess the possibility of producing each of them.

A written movie review requires an hour of production time, including investigation and writing. On the other hand, if we instead want to create an online video on the same subject, the production time increases to two hours, including the editing and online posting of the video, in addition to writing the review.