Examlex

Solved

The Data in the Table Below Assumes That with the Same

question 77

Multiple Choice

The data in the table below assumes that with the same quantity of resources, both Australia and Philippines produces food and computers. Australia can make 1,000 computers or 2,000 units of food in a day, and the Philippines can make 200 computers or 1,200 units of food in a day.
Table 20.2
The data in the table below assumes that with the same quantity of resources, both Australia and Philippines produces food and computers. Australia can make 1,000 computers or 2,000 units of food in a day, and the Philippines can make 200 computers or 1,200 units of food in a day. Table 20.2    -According to Table 20.2, what is the opportunity cost of 1 computer in Australia? A)  half a unit of food B)  one-sixth of a unit of food C)  1 unit of food D)  6 units of food E)  2 units of food
-According to Table 20.2, what is the opportunity cost of 1 computer in Australia?


Definitions:

Decisions

The conclusions or resolutions reached after consideration of facts, analyses, or discussions within the context of research or everyday problems.

Scholarly Journal

A publication that contains articles by experts and scholars, focusing on research and developments within a specific academic discipline or field.

Communication

The process of exchanging information, ideas, thoughts, and feelings between individuals or groups, through verbal or non-verbal means.

Quarterly

Pertaining to or occurring every three months, often used in the context of financial or business reporting periods.

Related Questions