Use the Information Below to Answer the Following Questions

question 94

Multiple Choice

Use the information below to answer the following questions.
Fact 2.4.1
In an eight-hour day, Andy can produce either 24 loaves of bread or 8 kilograms of butter. In an eight-hour day, Rolfe can produce either 8 loaves of bread or 8 kilograms of butter.
-Refer to Fact 2.4.1. The opportunity cost of producing 1 kilogram of butter is

• A)20 minutes (1/3 hour)for Andy and 1 hour for Rolfe.
• B)1 hour for Andy and 1 hour for Rolfe.
• C)3 loaves of bread for Andy and 1/3 loaf of bread for Rolfe.
• D)3 loaves of bread for Andy and 1 loaf of bread for Rolfe.
• E)8 loaves of bread for Rolfe and 24 loaves of bread for Andy.

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Definitions:

Probabilistic Generalization

The process of drawing broad conclusions based on the likelihood or probability derived from specific instances.

Logical Strength

The degree to which the premises of an argument support its conclusion, often determining its persuasiveness or validity.

Counterexamples

Instances or cases that contradict a claim or generalization, showing it to be false or incomplete.

Fallacy

An error in reasoning that renders an argument invalid or leads to an incorrect conclusion.