The Following Table Shows the Units of Output a Worker

question 75

Multiple Choice

The following table shows the units of output a worker can produce per month in country A and country B. Country The opportunity cost of 1 unit of electronics in country A is

• A) 4 units of food.
• B) 3 units of food.
• C) 2 units of food.
• D) all of these.

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Definitions:

Business Analysis

The practice of identifying business needs and determining solutions to business problems, often through analyzing data and processes.

Economic Analysis

The study or evaluation of the economic aspects of an action or decision, including costs, benefits, risks, and potential for profit.

Cannibalization Potential

The likelihood that a new product will decrease sales of existing products offered by the same company.

Prototype

An initial model of a product used to test and validate design principles before full-scale production.