A Food Scientist Is Developing a New and Improved Cereal

question 49

Multiple Choice

A food scientist is developing a new and improved cereal bar.She consults with you to ask in what order the ingredients should be listed on the food label.The ingredients are: Sugar: 30 g,Puffed wheat: 28 g,Dry milk powder: 5 g,Red food coloring: 35 mg,Salt: 2

• A)Sugar,puffed wheat,dry milk powder,salt,red food coloring
• B)Red food coloring,salt,dry milk powder,puffed wheat,sugar
• C)Dry milk powder,puffed wheat,red food coloring,salt,sugar
• D)Puffed wheat,sugar,dry milk powder,salt,red food coloring

---

Definitions:

Opportunity Cost

The potential benefit that one misses out on when choosing one alternative over another.

Trade

The activity of buying, selling, or exchanging goods and services between people, firms, or countries.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its trade partners.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision. It represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.