Scenario: There Are Two Workers in a Factory That Produces

question 40

Multiple Choice

Scenario: There are two workers in a factory that produces two goods, Good X and Good Y. Worker 1 adds a value of $200 per hour in the production of Good X and a value of $100 per hour in the production of Good Y. Worker 2 adds a value of $125 per hour in the production of Good X and a value of $87.50 per hour in the production of Good Y.
-Refer to the scenario above.Which of the following is true in this case?

• A) Both the workers should specialize in the production of Good X.
• B) Both the workers should specialize in the production of Good Y.
• C) Worker 1 should produce Good X, and Worker 2 should produce Good Y.
• D) Worker 1 should produce Good Y, and Worker 2 should produce Good X.

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Definitions:

Attitudes

Psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Subjective Perception

An individual's personal and biased interpretation of sensory information.

Beliefs

Convictions or acceptances that something exists or is true, especially without proof, playing a significant role in consumer behavior and decision-making.

Behavioral Learning Technique

A method used in marketing to modify consumer behaviors through reinforcement strategies, such as rewards or punishments.