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

question 191

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 Barney's opportunity cost of making a unicycle?

• A)1/2 pogo stick
• B)2 pogo sticks
• C)1.75 unicycles
• D)2.8 pogo sticks

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Definitions:

Services

Intangible products offered to consumers, such as repairs, entertainment, and advice, that provide value without producing a physical product.

Form W-4

Form W-4 is a tax form used in the United States, allowing employees to specify their tax withholding preferences to their employer.

Employee Earnings

Employee earnings refer to the total compensation received by an employee, including wages, salaries, bonuses, and other financial benefits.

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Taxes levied by the federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.