Betty and Ann Live on a Desert Island

question 61

Multiple Choice

Betty and Ann live on a desert island. With a day's labour, Ann can produce 8 fish or 4 coconuts; Betty can produce 6 fish or 2 coconuts. Ann's opportunity cost of producing 1 coconut is ________and she should specialise in the production of ________.

• A)0 fish per coconut; coconuts
• B)6 fish per coconut; coconuts
• C)8 fish per coconut; fish
• D)2 fish per coconut; coconuts

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Definitions:

Supervision

The act of overseeing and guiding employees or subordinates in their duties to ensure quality and efficiency.

Client Relationships

The interactions and bonds formed between a business and its clients, crucial for long-term success and customer satisfaction.

Combining Tasks

The process of merging separate tasks or duties into a single, more complex job role to enhance job satisfaction and productivity.

Motivating Potential

The degree to which a job or task has characteristics that can stimulate job satisfaction and intrinsic motivation in employees.