The Table Given Below Shows the Number of Umbrellas and Bushels

question 15

Multiple Choice

The table given below shows the number of umbrellas and bushels of corn produced in the United Kingdom and the Rest of the World per labor hour. The opportunity cost of producing an umbrella in the United Kingdom is _____. $$\begin{array} { l c c } \hline\text { Productivity } & \text { In the United Kingdorn } & \text { In the Rest of the World } \\\hline \text { Umbrellas per labor hour } & 0.25 & 1 \\\text { Bushels of corn per labor hour } & 0.5 & 0.67\\\hline\end{array}$$

• A)2 bushels of corn
• B)3 bushels of corn
• C)3/2 of a bushel of corn
• D)1/3 of a bushel of corn

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Definitions:

Balanced Die

A die that is perfectly symmetrical in shape and mass distribution, ensuring that each face has an equal chance of landing up when thrown.

Even Number

An Even Number is an integer that can be divided exactly by 2, without leaving a remainder.

Long Term

Refers to a period that extends over a significant length of time, often implying stability or commitment in financial, strategic, or planning contexts.

Mutually Exclusive

Describes two or more events that cannot occur at the same time in a given experiment or situation.