(Table) the Table Shows Coffee and Tea Units Produced for the United

question 181

Multiple Choice

(Table) The table shows coffee and tea units produced for the United States and Japan. If Japan decides to increase production of tea from 12 to 24 units, the opportunity cost is

• A) 15 units of tea.
• B) 10 units of tea.
• C) 8 units of coffee.
• D) 10 units of coffee.

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Definitions:

Income

refers to money received, especially on a regular basis, for work or through investments.

Pizza

A popular dish of Italian origin, consisting of a round, flattened base of leavened wheat-based dough topped with tomatoes, cheese, and various other ingredients, baked at a high temperature.

Books

Bound printed works consisting of written or illustrated pages, typically used for reading or study.

Weak Axiom

A concept in consumer theory that assumes if a consumer prefers a bundle A over bundle B when prices are unchanged, they will not prefer B over A if the price of A decreases and B remains the same or increases.