Huey and Steve Can Grow Potatoes or Tomatoes

question 85

Multiple Choice

Huey and Steve can grow potatoes or tomatoes. The table above shows the kilograms of potatoes and tomatoes Huey and Steve can grow in a week. Based on the table, Huey's opportunity cost of producing one kilogram of tomatoes is

• A) 0.66 kilograms of potatoes.
• B) 0, because he has a comparative advantage in it.
• C) 0, because he has an absolute advantage in it.
• D) 1.0 kilogram of potatoes.
• E) 1.5 kilograms of potatoes.

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Definitions:

Current Strategy

The ongoing plan of action implemented by a company to achieve its business objectives and respond to market conditions.

Financial Objective

A specific, measurable goal related to the financial performance or position of a company, such as revenue growth, cost reduction, or achieving a certain return on investment.

Reduce Overall Sales Costs

A strategic objective aimed at lowering the total expenses associated with the selling of products or services, enhancing profitability.

Increase Sales Volume

Strategies or actions taken to boost the quantity of products or services sold, often aiming to enhance revenue and market presence.