If 1 Unit of Land and Labor Are Used to Make

question 20

Multiple Choice

If 1 unit of land and labor are used to make bread (costing a total of $10) , while 1 unit of land and 2 units of labor are used to make wine (costing a total of $12) , then:

• A)the price of labor is $2 and the price of land is $8.
• B)the price of land is $2 and the price of labor is $8.
• C)the price of each final good is $11.
• D)labor will continue to move into wine production until the price of wine declines to $10.
• E)no correct numerical answer is stated above.

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Definitions:

Technical Writers

Professionals who create technical documentation that helps readers understand and use a product or service.

Two Alternatives

The presence of two distinct and mutually exclusive options or choices.

Writer's Argument

The main point or thesis that an author is trying to make in their writing, supported by evidence and reasoning.

Ethical Constraints

Moral principles and considerations that limit or guide actions and decisions in various contexts, including professions.