Table 3-11 Assume That Falda and Varick Can Switch Between Producing Wheat

question 403

Multiple Choice

Table 3-11
Assume that Falda and Varick can switch between producing wheat and producing cloth at a constant rate.

-Refer to Table 3-11.Falda's opportunity cost of one yard of cloth is

• A) 2/3 bushel of wheat and Varick's opportunity cost of one yard of cloth is 2/5 bushel of wheat.
• B) 2/3 bushel of wheat and Varick's opportunity cost of one yard of cloth is 5/2 bushels of wheat.
• C) 3/2 bushels of wheat and Varick's opportunity cost of one yard of cloth is 2/5 bushel of wheat.
• D) 3/2 bushels of wheat and Varick's opportunity cost of one yard of cloth is 5/2 bushels of wheat.

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Definitions:

Rate of Forgetting

The pace at which information is lost over time from memory, often described by the forgetting curve.

Auditory Sensation

The perceptual experience of sound, which occurs when sound waves are converted into electrical signals processed by the brain.

Sensory Registers

The initial processing systems that store sensory information for very short periods of time, allowing it to be perceived.

Temporal Lobe

A region of the brain responsible for processing auditory information and encoding memory.