Jane Produces Only Corn, Measured in Tons, and Cloth, Measured

question 96

Multiple Choice

Jane produces only corn, measured in tons, and cloth, measured in bolts. For her, the opportunity cost of one more ton of corn is

• A) the inverse of the opportunity cost of one more bolt of cloth.
• B) the same as the opportunity cost of one more bolt of cloth.
• C) the ratio of all the bolts of cloth she produces to all the tons of corn she produces.
• D) the ratio of all the tons of corn she produces to all the bolts of cloth she produces.

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Definitions:

Creative Team

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The various methods and channels used by a company to communicate with its target audience and market its products.

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The person who reads, hears, or sees and processes the information contained in the message or advertisement.