Suppose That a Worker in Country a Can Make Either

question 2

Multiple Choice

Suppose that a worker in Country A can make either 25 bananas or 5 tomatoes each year.Country A has 200 workers.Suppose a worker in Country B can make either 18 bananas or 6 tomatoes each year.Country B has 400 workers.The opportunity cost of one tomato in Country A is:

• A) 100 bananas.
• B) 20 bananas.
• C) 5 bananas.
• D) 4 bananas.

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Definitions:

Qualified Indorsement

An endorsement on a negotiable instrument that limits the liability of the endorser or specifies particular conditions.

Probability Value

A measure that indicates the likelihood of the occurrence of a given event or the significance of results obtained in a statistical hypothesis testing.

Statistical Tests

Mathematical procedures used in statistics to assess hypotheses or make inferences based on sample data.

Chance Fluctuation

Random variations or changes that occur without a specific cause or pattern, often used in statistical analysis.