Table 3-10 Assume That Japan and Korea Can Switch Between Producing Cars

question 356

Multiple Choice

Table 3-10
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.
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-Refer to Table 3-10. Assume that Japan and Korea each has 2400 hours available. If each country divides its time equally between the production of cars and airplanes, then total production is

• A)40 cars and 8 airplanes.
• B)64 cars and 16 airplanes.
• C)80 cars and 16 airplanes.
• D)128 cars and 32 airplanes.

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Definitions:

Cash

Money in the form of coins or banknotes, especially that held to conduct day-to-day transactions.

Opportunity Cost

The benefit that is missed or given up when an investor, individual, or business chooses one alternative over another.

Proposed Use

An intended or suggested way of utilizing something, often laid out in plans or discussions before implementation.

Cash

Physical money, such as coins and bills, or balances in checking or savings accounts, available for use immediately.