Answer the Question(s)below Based on the Information in the Following

question 3

Multiple Choice

Answer the question(s) below based on the information in the following table,where the numbers represent the number of labor hours it will take to produce a unit of the given good.
$$\begin{array} { | c | c | c | } \hline & \text { Spain } & \text { France } \\\hline \text { Grapes } & 3 & 9 \\\hline \text { Textiles } & 1 & 2 \\\hline\end{array}$$
-Refer to the table above.France will gain from trade so long as the international price of grapes measured in terms of textiles is below

• A)$15.
• B)3.
• C)5.
• D)8.

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Definitions:

Process Capability Index

A statistical measure that quantifies how well a process is able to produce output within specification limits compared to the spread of the process values.

Acceptance Plan

An Acceptance Plan outlines the criteria and process by which project deliverables are verified and accepted by stakeholders.

Good And Bad Lots

Terms used in quality control to distinguish between batches of products where good lots meet quality standards and bad lots fail to meet those standards.

Range Charts

A type of control chart used in statistical process control to monitor the dispersion or variability of a process.