Table 351 Based on the Information in Table 35

question 116

Multiple Choice

Table 35.1 $$\begin{array} { | l | c | c | } \hline { \text { Country } } & \text { Tons of Soybeans } & \text { Computer } \\\hline \text { China } & 100 & 300 \\\hline \text { United States } & 150 & 750 \\\hline\end{array}$$ Based on the information in Table 35.1,assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods.The opportunity cost of producing 1 ton of soybeans in the United States is

• A)1/5 of a computer.
• B)1/3 of a computer.
• C)3 computers.
• D)5 computers.

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Definitions:

Transportation Cost

The expenses incurred in the movement of goods from their manufacturing location to the end customer, including fuel, labor, vehicle maintenance, and tolls.

Facility Cost

The financial expenditure associated with the physical infrastructure of a business, including construction, maintenance, and utilities.

Processing Cost

The expenses involved in the operations required to process goods or services, including labor, materials, and overheads.

Standard Deviation

A measure of the dispersion or variation in a distribution or set of data, indicating how much individual data points differ from the mean.