Table 2-7 Table 2-7 Shows the Output Per Month of Two People

question 188

Multiple Choice

Table 2-7

Table 2-7 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 2-7.What is Barney's opportunity cost of making a unicycle?

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

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Definitions:

Maker

The individual or entity that creates or signs a promissory note, thereby agreeing to pay the note's value at maturity.

Certified Check

A type of check for which the issuing bank guarantees the availability of funds by verifying and setting aside the check amount.

Maker

The individual or entity that creates or signs a promissory note, committing to pay the specified amount.

Maker

The individual or entity that creates, signs, and issues a promissory note, thereby promising to pay a certain sum to a specified person.