Table 2-8 Table 2-8 Shows the Number of Labor Hours Required to of Labor

question 75

Multiple Choice

Table 2-8

Table 2-8 shows the number of labor hours required to produce a digital camera and a pound of wheat in China and South Korea.
-Refer to Table 2-8.What is South Korea's opportunity cost of producing one digital camera?

• A)0.05 pounds of wheat
• B)20 pounds of wheat
• C)25 pounds of wheat
• D)60 pounds of wheat

---

Definitions:

Discount

A reduction from the usual cost of something, often applied to encourage sales or provided for early payment.

Net Operating Income

A company's total earnings from its operations, excluding taxes and other non-operational expenses, indicating the profitability of core business activities.

Traceable Fixed Expenses

Fixed costs that can be directly associated with a specific product, department, or segment of a business.

Common Fixed Expenses

Recurring expenses that do not vary with the level of production or sales, shared by multiple departments or products.