Table 3-27 Assume That Huang and Min Can Switch Between Producing Parasols

question 520

Multiple Choice

Table 3-27
Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate.
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-Refer to Table 3-27. The opportunity cost of 1 parasol for Min is

• A)1/3 plate.
• B)1/2 plate.
• C)2 plates.
• D)3 plates.

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Definitions:

Desire

A strong feeling of wanting to have something or wishing for something to happen.

Manager

An individual responsible for controlling or administering all or part of a company or similar organization.

Reward Power

The capacity to offer something of value as a means to influence the behavior of others.

Influence

The capacity to have an effect on the behavior, development, or character of someone or something.