Exhibit 2-1 John and Harry's Production Possibilities for Ironing Shirts and Typing Papers 
Exhibit 2-1 shows the production possibilities for ironing shirts and typing papers for John and Harry.Each has 5 hours per week to spend on these tasks.Which of the following statements is correct?
Definitions:
Risk of Harm
The potential for actions, situations, or products to cause injury, damage, or adverse effects to individuals or groups.
Decision Making
The cognitive process of selecting a course of action among multiple alternatives.
Subjective Probability
An individual's personal estimate of the chance of occurrence of a particular event.
Objective Probability
The likelihood of an event occurring based on a calculation from available data, independent of personal thought or opinion.
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