Scenario: with Her Available Resources, Wendy Can Produce 20 Greeting

question 100

Multiple Choice

Scenario: With her available resources, Wendy can produce 20 greeting cards or 10 earrings. Sarah, with the resources she has, can produce 5 greeting cards or 15 earrings.
-Refer to the scenario above.What is Wendy's opportunity cost of producing 1 greeting card?

• A) 0.25 earrings
• B) 0.5 earrings
• C) 1 earring
• D) 2 earrings

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Definitions:

Attention

The brain's method of zeroing in on a certain feature of the surroundings and neglecting other information.

Cognitive Revolution

A period in the 20th century that marked a significant change in the way psychologists understood and studied the mind, emphasizing internal mental processes.

Mental Processes

Internal cognitive operations that include thinking, reasoning, problem-solving, and remembering that enable individuals to understand and interact with the world.

1960s

A decade characterized by significant social, political, and cultural changes worldwide.