Table 14-2 Alpha Can Produce Either 18 Oranges or 9 Apples an Apples

question 63

Multiple Choice

Table 14-2
Alpha can produce either 18 oranges or 9 apples an hour, while Omega can produce either 16 oranges or 4 apples an hour.
-Refer to Table 14-2.What are the opportunity costs of producing 1 orange for Alpha and Omega?

• A)0.25 apples for Alpha and 0.5 apples for Omega
• B)0.5 apples for Alpha and 0.25 apples for Omega
• C)2 apples for Alpha and 4 apples for Omega
• D)9 apples for Alpha and 4 apples for Omega

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Definitions:

Value Frontier

The boundary where the maximum value is delivered to customers at the lowest cost, representing an optimal position for a company.

Marketers

Professionals who are engaged in the promotion and selling of products or services.

Economy Strategy

An approach aiming for cost efficiency and minimized spending within a business or economic system.

Price Wars

A competitive strategy involving companies lowering prices to undercut competitors, often leading to a situation where prices continue to drop.