Suppose Nation a Produces Only Two Goods,apples and Oranges

question 1

Multiple Choice

Suppose nation A produces only two goods,apples and oranges.If nation A produces only apples,it can make 12 apples per day.If nation A produces only oranges,it can make 36 oranges per day.If the country has a constant production trade-off between apples and oranges,then the opportunity cost of one apple in nation A is:

• A)36 oranges.
• B)3 oranges.
• C)12 oranges.
• D).33 oranges.

---

Definitions:

Responsibility

The obligation to carry out duties, make decisions, and be accountable for the outcomes.

Product Design

The process of ideating, creating, and iterating products with the goal of solving users' problems or addressing specific needs.

Overhead Costs

Expenses incurred in the running of a business that are not directly tied to specific products or services, such as rent, utilities, and administrative salaries.

Functional Resources

Assets allocated to support specific functions or operations within a company, such as human resources, finance, or technology.