Answer the Question on the Basis of the Following Production

question 100

Multiple Choice

Answer the question on the basis of the following production possibilities table for two countries, North Cantina and South Cantina. Refer to the table. If South Cantina is producing at production alternative C, the opportunity cost of the fourth unit of capital goods will be

• A)1/7 of a unit of consumer goods.
• B)3 units of consumer goods.
• C)19 units of consumer goods.
• D)7 units of consumer goods.

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Definitions:

Responses

Reactions or replies provided in answer to questions, actions, or stimuli, which can vary widely depending on the context and the individual.

Open System

A concept in systems theory where an organization is seen as being open to, and interacting with, its environment in a dynamic exchange of information, energy, and resources.

Resource Inputs

The resources (such as time, money, materials, and labor) that are utilized in the production process or in the provision of services.

Outputs

The results or products that emerge from a system, process, or activity, measuring its effectiveness or productivity.