Suppose Joe Can Prepare 10 Sandwiches or 5 Pizzas in an Hour

question 18

Multiple Choice

Suppose Joe can prepare 10 sandwiches or 5 pizzas in an hour and Beth can produce 12 sandwiches or 9 pizzas. Which of the following is TRUE?

• A) Beth should produce pizza because she has a higher opportunity cost of producing pizza than does Joe.
• B) Beth should produce pizza because she has a lower opportunity cost of producing pizza than does Joe.
• C) Joe should produce pizza because he has a higher opportunity cost of producing pizza than does Beth.
• D) Joe should produce pizza because he has a lower opportunity cost of producing pizza than does Beth.

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Definitions:

Observational Learning

Acquiring new behaviors or knowledge by watching and imitating others.

Preschool Children

Young children, typically aged between 3 and 5 years, who are in the developmental stage before attending kindergarten.

Observational Learning

The process of gaining knowledge by watching others' actions and the results of those actions.

Immediate Reinforcement

The provision of a reward or punishment immediately following a behavior, which increases the likelihood of that behavior being repeated in the future.