Figure 1-7 Shows the Production Possibilities Boundary for an Economy

question 19

Multiple Choice

Figure 1-7 shows the production possibilities boundary for an economy that produces two goods-cotton and bananas. FIGURE 1-7 Refer to Figure 1-7.A production possibilities boundary is shown for an economy that produces two goods-cotton and bananas,both measured in tonnes produced per year.Suppose this economy is currently producing 1280 tonnes of cotton and 200 tonnes of bananas.What is the opportunity cost of increasing production of bananas by 100 tonnes?

• A)100 tonnes of cotton
• B)360 tonnes of cotton
• C)360 tonnes of bananas
• D)920 tonnes of cotton
• E)There is no opportunity cost.

Differentiate between the types of aquatic life zones and their inhabitants.

Recognize the importance of estuaries and the risks to wetlands from human activities.

Understand the basic definitions and concepts related to aquatic ecosystems.

Identify and describe the different zones within aquatic ecosystems, including lakes and oceans.

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Definitions:

Project Outcomes

The results or achievements following the completion of a project, measuring its success or failure.

Variable Cost

Variable Cost refers to costs that change in proportion to the level of goods or services that a business produces.

Sales Commissions

Sales commissions are payments made to salespersons for selling products or services, typically a percentage of the sale price.

Chief Financial Officer

A senior executive responsible for managing the financial actions of a company.