Use the Following Scenario to Answer the Following Questions

question 118

Multiple Choice

Use the following scenario to answer the following questions:
Natasha can produce either 5,000 pounds of cheese or 20 houses per year.Jameson can produce either 5,000 pounds of cheese or 10 houses per year.
-Natasha's opportunity cost of producing one pound of cheese is ________ house(s) .

• A) 1/250 of a
• B) 1/20 of a
• C) 20
• D) 250
• E) 500

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Definitions:

Science Benefits

Advantages or positive outcomes resulting from the application or use of scientific knowledge and methodologies.

RBRVS

The Resource-Based Relative Value Scale, a system used to determine how much healthcare providers are paid for services based on the resources required.

Medical Specialists

Doctors who have completed advanced education and training in a specific area of medicine to diagnose and manage particular types of diseases or conditions.

Medicaid and Medicare

Government-sponsored healthcare programs in the United States, with Medicaid assisting low-income individuals and families, and Medicare serving those who are 65 and older, or disabled.