-The Above Table Shows Production Points on Sweet-Tooth Land's Production

question 179

Multiple Choice

-The above table shows production points on Sweet-Tooth Land's production possibilities frontier. What is the opportunity cost of one chocolate bar if Sweet-tooth Land moves from point C to point D?

• A) 30 cans of cola per chocolate bar
• B) 10 cans of cola per chocolate bar
• C) 3 cans of cola per chocolate bar
• D) 1/3 can of cola per chocolate bar

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Definitions:

Constructive Possession

Refers to the legal doctrine where an individual is deemed to possess something, even if they don't physically have it, due to their power or intention to control it.

Present Intent

Present intent is a legal term referring to a person's immediate intention or determination to perform a particular act or to enter into a contract at the current moment.

Delivery

The process of transferring goods from one party to another.

Personal Property

Tangible or intangible items that belong to an individual or business, excluding real estate.