Production Posibilities Curve; Rational Decision Making; and Specialization # 2

1. If you owned a business, what would a productions possibilities curve tell you? Be specific. What are two factors that could your productions possibilities curve to shift outward? A PPC could tell me what products could be produced efficiently. Developing new technology could cause the Productions Possibilities Curve to shift, Investing in Human Capital could as cause the curve to shift outwards.
2. What is the best way to determine whether or not we are making a rational economic decision? `The best way to determine whether or we are making a rational economic decision is by determining if the Marginal Benefit exceeds the Marginal Cost. 
3. Why do companies choose to specialize and trade? What would happen if companies did not choose to specialize? When a company chooses to specialize they can increase production because companies choose to specialize based on opportunity cost. Companies trade based on what they specialize in. If companies did not specialize they would not be able to produce a maximum efficiency.
4. Include two relevant visuals (based on standards) with captions that explain their significance to the standard.

Chess involves a lot of Rational Decision making and making the wrong ones could lead to defeat.

This Picture defines specialization.

 5. How do you fell about your knowledge of this standard? What are two questions that you have about this standard? I feel very good about my knowledge of this standard. Two questions that I have are, What are some methods to making rational decisions, and how are people trained to specialize?