Table 3-22 Assume That Zimbabwe and Portugal Can Switch Between Producing Toothbrushes

question 156

Multiple Choice

Table 3-22
Assume that Zimbabwe and Portugal can switch between producing toothbrushes and producing hairbrushes at a constant rate.
-Refer to Table 3-22. Suppose Zimbabwe decides to increase its production of toothbrushes by 10. What is the opportunity cost of this decision?

• A)0.3 hairbrush
• B)3 hairbrushes
• C)30 hairbrushes
• D)100 hairbrushes

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Definitions:

Stratified Sampling

A method of sampling that involves dividing the population into subgroups (strata) and then selecting samples from each stratum.

Full-Time, Undergraduate

A classification for college or university students who pursue their studies on a full-time basis, often taking a minimum number of credit hours to achieve this status.

Relevant Costs

Costs that are affected by a decision in the present or future, considered important for decision-making.

Multistage Sampling

A complex sampling technique involving several levels of selection, often used in surveys to efficiently gather data from a large population.