Graph 3-1 These Figures Illustrate the Production Possibilities Frontiers for Robinson Crusoe

question 96

Multiple Choice

Graph 3-1

These figures illustrate the production possibilities frontiers for Robinson Crusoe and Friday with 12 hours of labour.
-Refer to Graph 3-1. For Robinson Crusoe, the opportunity cost of one kg of coconuts is:

• A) 2 kg of fish
• B) 1/2 kg of fish
• C) 4 kg of fish
• D) 1/4 kg of fish

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Definitions:

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.

Fight-or-Flight Response

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival.

Parasympathetic Nervous System

Part of the automatic nervous system responsible for regulating the body's unconscious actions and helps to conserve energy and restore the body to a state of calm.

Role Ambiguity

The uncertainty and lack of clarity about the expectations, responsibilities, or execution of a particular role within an organization.