Suppose That One Unit of Labour Can Produce Either 5

question 60

Multiple Choice

Suppose that one unit of labour can produce either 5 units of wool or 2 pineapples. What is the opportunity cost of producing 1 pineapple?

• A)2/5 unit of wool
• B)5 units of wool
• C)5/2 units of wool
• D)zero
• E)2 units of wool

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Definitions:

Sensory Systems

The part of the nervous system responsible for processing sensory information from the environment, including sight, sound, taste, touch, and smell.

Transforming

The process of making a thorough or dramatic change in form, appearance, or character.

Delivering

The process of conveying or transporting items from one location to another, or the act of presenting information or a speech.

Stimulus Energies

The physical or chemical energies that evoke responsiveness in sensory systems, leading to perception.