Use the Following Scenario to Answer the Next Questions

question 129

Multiple Choice

Use the following scenario to answer the next 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.
-Natasha’s opportunity cost of producing one house is ________ pound(s) of cheese.

• A) 1/250 of a
• B) 1/20 of a
• C) 20
• D) 250
• E) 500

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Definitions:

Deposits In Transit

Deposits in transit refer to money that has been received and recorded by a business but not yet by its bank, often because of time needed for the banking processing.

NSF Check

A check that cannot be processed due to insufficient funds in the account it was drawn on, also known as a "bounced check."

EFT Deposit

An electronic funds transfer directly into a bank account, considered a safe and efficient way to transfer money.

Bank Correction

Adjustments made by a bank to rectify any discrepancies found in an account balance.