Suppose One Unit of Labour Can Produce Either 5 Units

question 111

Multiple Choice

Suppose one unit of labour can produce either 5 units of wool or 2 pineapples.What is the opportunity cost of producing 1 pineapple?

• A)5 units of wool
• B)2 units of wool
• C)2/5 unit of wool
• D)5/2 units of wool
• E)zero

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Definitions:

Decoding

The process of interpreting and understanding communication signals or encoded messages.

Symbol

A mark, sign, or word that indicates, signifies, or is understood as representing an idea, object, or relationship.

Translating

The process of converting text or speech from one language to another, retaining the original meaning and context.

Purposeful

Being done with a clear intention or goal in mind.