-Huey and Steve Can Grow Potatoes or Tomatoes

question 90

Multiple Choice

-Huey and Steve can grow potatoes or tomatoes.The table above shows the pounds of potatoes and tomatoes Huey and Steve can grow in a week.Based on the table,Huey's opportunity cost of producing one pound of tomatoes is

• A) 1.5 pounds of potatoes.
• B) 0.66 pound of potatoes.
• C) 0, because he has an absolute advantage in it.
• D) 0, because he has a comparative advantage in it.
• E) 1.0 pound of potatoes.

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Volatility

A statistical measure of the dispersion of returns for a given security or market index, typically indicating the level of risk or uncertainty.

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