Use the Following Scenario to Answer Thefollowing Questions

question 111

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 Ricardo to produce one smartphone is ________ computer(s) .

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

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Definitions:

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The effects or consequences that a specific action, policy, or event has on society as a whole.

Rule 10

A regulation or guideline that can refer to specific procedures or protocols in various organizations, requiring clarification of the context for a precise definition.

Grant Certiorari

A legal term referring to the Supreme Court's decision to hear a case, allowing for judicial review of a lower court's decision.