Use the Following Scenario to Answer the Following Questions

question 130

Multiple Choice

Use the following scenario to answer the following questions:
Karl and Jager produce cars and trucks.Karl can produce 10 cars per hour or 5 trucks per hour.Jager can produce 12 cars per hour or 4 trucks per hour.
-Based on the scenario,Jager's opportunity cost of one car is ________ truck(s) .

• A) two-thirds of a
• B) one-third of a
• C) three-quarters of a
• D) four
• E) three

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Definitions:

Grantor

A grantor is an individual or entity that transfers ownership of property.

Designated

Appointed or chosen for a specific purpose or position; marked for a specific role or use.

Statute

A law enacted by a legislative body.

Tenancy for Years

A lease agreement that lasts for a specific and fixed period, after which it automatically ends without the need for notice.