Use the Information Below to Answer the Following Questions

question 3

Multiple Choice

Use the information below to answer the following questions.
Fact 2.4.1
In an eight-hour day, Andy can produce either 24 loaves of bread or 8 kilograms of butter. In an eight-hour day, Rolfe can produce either 8 loaves of bread or 8 kilograms of butter.
-Given Fact 2.4.1, the opportunity cost of producing 1 loaf of bread is

• A)20 minutes (1/3 hour)for Andy and 1 hour for Rolfe.
• B)1/3 kilogram of butter for Andy and 1 kilogram of butter for Rolfe.
• C)3 kilograms of butter for Andy and 1 kilogram of butter for Rolfe.
• D)8 kilograms of butter for both Andy and Rolfe.
• E)not calculable from the given information.

---

Definitions:

Core Goals

Fundamental objectives or aims that an organization or individual strives to achieve, often guiding their long-term actions and strategies.

Online Marketing

The practice of leveraging web-based channels to spread a message about a company's brand, products, or services to its potential customers.

Context Elements

Factors that shape and influence the setting or circumstances in which something occurs or is interpreted.

Earth Tones

A palette of colors that draw inspiration from the natural world, including hues of brown, green, blue, and stone.