Use the Following Scenario to Answer the Following Questions

question 146

Multiple Choice

Use the following scenario to answer the following questions:
Esther and Ebenezer produce hamburgers and hot dogs.Esther can produce six hamburgers per hour or four hot dogs per hour.Ebenezer can produce three hamburgers per hour or one hot dog per hour.
-Based on the scenario,Ebenezer's opportunity cost of one hot dog is ________ hamburgers.

• A) three
• B) one and a half
• C) six
• D) four
• E) eight

---

Definitions:

Damaged House

A property that has suffered physical harm affecting its value or functionality, often through natural disasters or accidents.

Bonds

These are fixed-income investment products where an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period of time at a fixed interest rate.

Debt Instruments

Financial assets that represent a debtor's obligation to repay borrowed money or other forms of credit to the creditor according to stated terms.

Original Issue Discount

The difference between the par (face) value of a bond and the lower price at which it was originally sold, which must be reported as interest income over the life of the bond.