Use the Following Scenario to Answer the Following Questions

question 67

Multiple Choice

Use the following scenario to answer the following questions:
Natasha can produce either 5,000 pounds of cheese or 20 houses per year.Jameson can produce either 5,000 pounds of cheese or 10 houses per year.
-If both Natasha and Jameson produce only cheese,how many pounds of cheese can they produce per year?

• A) 2,500
• B) 5,000
• C) 7,500
• D) 10,000
• E) 12,500

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Definitions:

Consumer Price Index

A gauge that tracks the average variation over periods in the costs urban buyers incur for a defined set of consumer products and services.

Consumer Price Index

A gauge that tracks the average variation over time in the prices urban consumers pay for a collection of consumer goods and services.

Producer Price Index

An economic indicator representing the average change over time in the selling prices received by domestic producers for their output.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to track changes in living costs.