-The Table Above Represents Different Points Along a Production Possibilities

question 81

Multiple Choice

$$\begin{array} { | l | l | } \hline \begin{array} { l } \text { Quantity of } \\\text { beans } \\\text { (bushels) }\end{array} & \begin{array} { l } \text { Quantity of } \\\text { carrots } \\\text { (bushels) }\end{array} \\\hline 5 & 0 \\\hline 4 & 5 \\\hline 8 & 9 \\\hline 2 & 12 \\\hline 1 & 14 \\\hline 0 & 15 \\\hline\end{array}$$
-The table above represents different points along a production possibilities curve. What is the marginal cost of moving from 2 bushels to 3 bushels of beans?

• A) 9 bushels of carrots per bushel of beans
• B) 12 bushels of carrots per bushel of beans
• C) 21 bushels of carrots per bushel of beans
• D) 3 bushels of carrots per bushel of beans

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Definitions:

HR Strategy Formulation

The process of developing and implementing plans and actions by the Human Resources department to align the workforce's skills and capabilities with the organization's overall strategic objectives.

Organization's Purpose

The fundamental reason for an organization's existence, often reflected in its goals, mission, and the value it aims to provide to stakeholders.

Organization's Mission

A statement that outlines the purpose, goals, and values of an organization, guiding its strategic decisions and operations.

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A corporate strategy where a company expands its business operations into markets or products that are not related to its existing business units.