Use the Following Scenario to Answer Thefollowing Questions

question 128

Multiple Choice

Use the following scenario to answer thefollowing questions:
An economy has two workers,Smith and Ricardo.Each day they work,Smith can produce 4 computers or 16 smartphones,and Ricardo can produce 6 computers or 12 smartphones.
-The opportunity cost for Smith to produce one computer is ________ smartphone(s) .

• A) one-quarter of a
• B) one-half of a
• C) one
• D) two
• E) four

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Definitions:

Share Of Wallet

The amount of a customer's total spending that is captured by a business.

Internet Browsing

The act of exploring or searching for information on the internet through various web browsers.

Mobile Commerce

The buying and selling of goods and services through wireless handheld devices such as smartphones and tablets.

Share Of Wallet

A marketing metric that represents the amount of a customer's total spending that a company captures in the products and services that it offers.