Suppose That a Worker in Country a Can Make Either

question 47

Multiple Choice

Suppose that a worker in Country A can make either 10 iPhones or 5 iPads each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPhones or 10 iPads each year. Country B has 200 workers. Country B would be using resources efficiently if it was producing:

• A) (200 iPhones, 1,750 iPads).
• B) (200 iPhones, 1,500 iPads).
• C) (200 iPhones, 1,000 iPads).
• D) (200 iPhones, 750 iPads).

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Definitions:

Inc. 500

An annual ranking of the 500 fastest-growing private companies in the United States, published by Inc. magazine.

Formal Business Plans

Detailed documents that lay out the objectives, strategies, market analysis, and financial forecasts of a business, designed to guide operations and attract investment.

Scalable Business Model

A business model designed to allow growth and expansion without significant increases in costs or complexity.

Temporary Organization

A group or entity established with a specific end goal or time frame, ceasing to exist once its purpose has been fulfilled or the project is completed.