Use the Following Scenario to Answer the Questions That Follow

question 81

Multiple Choice

Use the following scenario to answer the questions that follow.
Amy can produce either 5,000 pounds of cheese or 20 houses per year. Jim can produce either 5,000 pounds of cheese or 10 houses per year.
-Jim's opportunity cost of producing one pound of cheese is ________ house(s) .

• A) 1/500
• B) 1/250
• C) 1/10
• D) 250
• E) 500

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Definitions:

Concise Language

The use of few words to convey an idea effectively without unnecessary elaboration.

Antidepressants

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Antihistamines

Medications used to relieve symptoms caused by allergies, such as sneezing, itching, and runny nose by blocking histamine in the body.

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Medications specifically designed to lower or manage the levels of cholesterol in the blood to prevent cardiovascular diseases.