Betty and Ann Live on a Desert Island

question 283

Multiple Choice

Betty and Ann live on a desert island. With a dayʹs labor, Ann can produce 8 fish or 4 coconuts; Betty can produce 6 fish or 2 coconuts. Annʹs opportunity cost of producing 1 coconut is and she should specialize in the production of_____________.

• A) 2 fish per coconut; coconuts
• B) 6 fish per coconut; coconuts
• C) 0 fish per coconut; coconuts
• D) 8 fish per coconut; fish

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Definitions:

Ann Fudge

A prominent American business executive known for her leadership roles in large companies and her contributions to corporate and non-profit boards.

Servant Leadership

A leadership philosophy which emphasizes the leader's role as serving the needs of others, aiming to boost their wellbeing and achievements.

Uniqueness

The quality of being one of a kind or unlike anything else.

Belongingness

The human emotional need to be an accepted member of a group, whether it is family, friends, co-workers, or a larger organization.