Figure 3-11 the Graph Below Represents the Various Combinations of Ham and Ham

question 381

Multiple Choice

Figure 3-11
The graph below represents the various combinations of ham and cheese (in pounds) that the nation of Bonovia could produce in a given month.

-Refer to Figure 3-11.In the nation of Cropitia,the opportunity cost of a pound of ham is 0.3 pounds of cheese.Bonovia and Cropitia both can gain from trading with one another if one pound of ham trades for

• A) 0.40 pounds of cheese.
• B) 0.55 pounds of cheese.
• C) 0.75 pounds of cheese.
• D) All of the above are correct.

---

Definitions:

Hierarchy of Effects

A framework outlining the steps a consumer takes, beginning with awareness and progressing through knowledge, appreciation, preference, conviction, to ultimately making a purchase.

Awareness

The state or level of consciousness where individuals or groups realize the existence or importance of something.

Consumer's Ability

The capacity of a consumer to make informed, effective, and efficient choices about the use of resources.

Product Brand

The identity given to a specific product or range of products by its manufacturer through branding.