If He Devotes All of His Available Resources to Cantaloupe

question 114

Multiple Choice

If he devotes all of his available resources to cantaloupe production,a farmer can produce 120 cantaloupes.If he sacrifices 1.5 watermelons for each cantaloupe that he produces,it follows that

• A)if he devotes all of his available resources to watermelon production he can produce 80 watermelons.
• B)he cannot have a comparative advantage over other farmers in producing cantaloupes.
• C)his opportunity cost of one watermelon is 2/3 of a cantaloupe.
• D)All of the above are correct.

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Definitions:

Thought

A mental process involving the manipulation of information to form ideas, make decisions, solve problems, or engage in creative processes.

Reciprocal

Involving a mutual exchange or relationship where both or all parties give and receive something of similar value.

Causality

The relationship between causes and effects, where one event (the cause) directly leads to the occurrence of another event (the effect).

Learning Theory Approach

An educational perspective focusing on how students acquire, process, and retain knowledge and skills through various theories and practices.