The Above Table Shows the Daily Production Possibilities for a Nation

question 385

Multiple Choice

The above table shows the daily production possibilities for a nation.
-According to the above table, the opportunity cost of each additional computer in terms of televisions

• A)remains constant.
• B)falls as more computers are produced.
• C)increases as more computers are produced.
• D)is meaningless because the cost of computers cannot be expressed in terms of televisions.

---

Definitions:

Employee's Income

The total earnings, including wages, salaries, bonuses, and other compensation, received by an employee for their work.

Employer

An individual or organization that hires and pays people for their labor or services.

Form W-2

The tax form that an employer must send to an employee and the IRS at the end of the year. It reports an employee’s annual wages and the amount of taxes withheld from his or her paycheck.

Taxable Income

The portion of an individual's or corporation's income used to determine how much tax is owed to the government in a given tax year.