Alpha Can Produce Either 18 Oranges or 9 Apples an Hour

question 9

Multiple Choice

Alpha can produce either 18 oranges or 9 apples an hour, while Beta can produce either 16 oranges or 4 apples an hour. The opportunity cost of producing 1 orange for Alpha and Beta, respectively, are:

• A) 0.25 apples; 0.5 apples.
• B) 9 apples; 4 apples.
• C) 0.5 apples; 0.25 apples.
• D) 2 apples; 4 apples

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Definitions:

Longitudinal

A research design that involves repeated observations of the same variables over short or long periods of time.

Cross-sectional

An observational study type that examines data collected from a population or a representative sample at one particular point in time.

Cross-sectional

A research design that analyzes data from a population, or a representative subset, at one specific point in time.

Longitudinal

A study setup where the same factors are observed multiple times over periods that can be either brief or extended.