If an Economy Can Produce a Maximum of 100 Units

question 101

Multiple Choice

If an economy can produce a maximum of 100 units of good X and the opportunity cost of 1X is always 5Y, then what is the maximum number of units of good Y the economy can produce?

• A)250
• B)100
• C)20
• D)500

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Definitions:

Vocational School

An educational institution that provides specialized instruction and training in a particular career or technical field.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate budgeting in variable cost situations.

Activity Variances

Discrepancies between planned or standard costs to perform an activity and the actual costs incurred.

Jeep Tours

Customized tours offered to tourists that utilize jeeps to navigate terrain that is typically not accessible by standard vehicles, often in natural or adventure settings.