Refer to the Information Provided in Table 20 -Refer to Table 20

question 223

Multiple Choice

Refer to the information provided in Table 20.2 below to answer the question(s) that follow.
Table 20.2 $$\begin{array} { c c c c } \hline & \text { China } &\quad\quad\quad\quad\quad\quad { \text { Thailand } } \\\text { Tractors } & \text { Motorcycles } & \text { Tractors } & \text { Motorcycles } \\\hline 0 & 300 & 0 & 300 \\5 & 250 & 5 & 225 \\10 & 200 & 10 & 150 \\15 & 150 & 15 & 75 \\20 & 100 & 20 & 0 \\25 & 50 & - & - \\30 & 0 & - & - \\\hline\end{array}$$
-Refer to Table 20.2. In China, the opportunity cost of

• A) a tractor is 1 motorcycle.
• B) a motorcycle is 10 tractors.
• C) a tractor is 10 motorcycles.
• D) a motorcycle is 1/30 of a tractor.

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Definitions:

Catering Business

A service-based industry that provides food preparation, cooking, and presentation services for events and gatherings.

Discount Rate

The discount rate that adjusts future cash flows to present value, accounting for the time value of money and associated risks.

Net Present Value

A financial metric that estimates the profitability of an investment, calculated by summing the present values of expected future cash flows and subtracting the initial investment cost.

Delivery Van

A type of vehicle used for transporting goods, products, or materials from one location to another.