Table 3-12 -Refer to Table 3-1.In 10 Hours

question 98

Multiple Choice

Table 3-12

-Refer to Table 3-1.In 10 hours,

• A) the rancher could produce 2.5 pounds of meat and 1.0 pound of potatoes.
• B) the rancher could produce 1.0 pound of meat and 1.0 pound of potatoes.
• C) the farmer could produce 0.25 pounds of meat and 1.6 pounds of potatoes.
• D) the farmer could produce 0.75 pounds of meat and 1.25 pounds of potatoes.

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Definitions:

Prices

The amounts of money expected, required, or given in payment for something.

Dependability of Delivery

The reliability with which a company or supply chain delivers products or services to its customers in the promised time frame.

Competing Companies

Businesses that operate in the same market or industry and vie for the same customer base, market share, or resources.

Just-in-time Inventory Systems

An inventory strategy companies use to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, reducing inventory costs.