Table 2.5 Table 2.5 Shows the Output Per Month of Two People

question 160

Multiple Choice

Table 2.5

Table 2.5 shows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks or making unicycles.
-Refer to Table 2.5. What is Fred's opportunity cost of making a pogo stick?

• A)1/3 unicycle
• B)3 unicycles
• C)6/7 pogo stick
• D)1/2 unicycle

---

Definitions:

Proposed Uses

Suggested or recommended ways in which something can be used or applied, often based on research or theory.

Criterion Measure

A standard or benchmark against which the validity of a test score or the performance of an individual can be evaluated.

Grade Point Average

A numerical calculation representing the average value of the accumulated final grades earned in courses over time.

Item Analysis

A series of statistical tests and procedures that can be used to assess for homogeneity in a test.