-In the Production Possibilities Frontier Depicted in the Figure Above

question 22

Multiple Choice

-In the production possibilities frontier depicted in the figure above, what is the opportunity cost of increasing the production of bananas from two million pounds to three million pounds?

• A) 1/2 hat per pound of bananas
• B) 1 hat per pound of bananas
• C) 2 hats per pound of bananas
• D) 3 hats per pound of bananas

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Definitions:

Ethical Dilemma

A situation in which a difficult choice has to be made between two or more morally correct actions that are in conflict.

Moral Principles

Fundamental beliefs about right and wrong that guide an individual's behavior and decision-making.

Ethical Behavior

Conduct that is consistent with what society, and individuals typically think are good values, often involving honesty, fairness, and integrity.

Organization

An entity comprising multiple people, such as an institution or an association, that has a collective goal and is linked to an external environment.