Table 3-33 Chris and Tony's Production Opportunities

question 244

Multiple Choice

Table 3-33
Chris and Tony's Production Opportunities
-Refer to Table 3-33 Chris and Tony both produce tomatoes and pasta sauce. The table shows their possible production per month if both work the same number of 8 hour days. Which of the following prices would result in a mutually advantageous trade between Chris and Tony?

• A)1 lb. of tomatoes for 23 jars of sauce
• B)1 lb. of tomatoes for 27 jars of sauce
• C)1 lb. of tomatoes for 33 jars of sauce
• D).Both a and b are correct.

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Definitions:

Irony

A literary device or situation in which there is a significant difference between what is expected or understood and what actually happens or is meant.

Radio Broadcasting

The transmission of audio programming through radio waves to reach a wide audience.

Sit-Down Strike

Tactic adopted by labor unions in the mid- and late 1930s, whereby striking workers refused to leave factories, making production impossible; proved highly effective in the organizing drive of the Congress of Industrial Organizations.

U.S. Steel

An integrated steel producer with major production operations in the United States, founded in 1901 by J.P. Morgan, Andrew Carnegie, and others, playing a significant role in the nation's industrial growth.