Figure 3-5 These Graphs Illustrate the Production Possibilities Available for Dancing Shoes

question 17

Multiple Choice

Figure 3-5
These graphs illustrate the production possibilities available for dancing shoes to Fred and Ginger with 40 hours of labour.
-Refer to Figure 3-5. If Fred and Ginger both specialize in the good in which they have a comparative advantage, what would the total production be?

• A) 6 ballet slippers and 6 tap shoes
• B) 8 ballet slippers and 6 tap shoes
• C) 8 ballet slippers and 8 tap shoes
• D) 8 ballet slippers and 10 tap shoes

Learn how to manage and optimize Excel workbook performance.

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Grasp the concept and application of conditional formatting and calculations.

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Definitions:

CPT Codes

Current Procedural Terminology codes, a set of medical codes used to report medical, surgical, and diagnostic procedures and services.

ICD Coding Rules

The standards and guidelines for using the International Classification of Diseases system to categorize and code patient diagnoses.

Reason Rule

Refers to the purpose or reason for doing a test or procedure, an insurance company criteria for reimbursement; the reason for the patient visit (encounter) is coded first. This is the primary diagnosis; any other issues the patient presents with (comorbidities) are coded next, in order of importance. This includes chronic conditions that must be considered or will be affected by the treatment for the primary diagnosis.

Indexing Rule

Guidelines or principles used in organizing, categorizing, and locating information or data systematically.