Suppose One Unit of Labour Can Produce Either 5 Wool

question 34

Multiple Choice

Suppose one unit of labour can produce either 5 wool sweaters or 2 pineapples.What is the opportunity cost of producing one wool sweater?

• A)5 pineapples
• B)2 pineapples
• C)2/5 of a pineapple
• D)5/2 pineapples
• E)zero pineapples

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Definitions:

Unrelated Things

Concepts or items that do not have a direct connection or relevance to one another.

Everyday Work Practices

The routine actions and behaviors employees engage in as part of their daily work life, contributing to organizational culture and productivity.

Alertness

The ability some people have to identify opportunities.

Social Life

The part of an individual's time that is spent engaging with others, often in leisure activities.