Table 3-33 Chris and Tony's Production Opportunities

question 306

Multiple Choice

Table 3-33
Chris and Tony's Production Opportunities

-Refer to Table 3-33 Chris and Tony both produce tomatoes and pasta sauce. The table shows their possible production per month if both work the same number of 8 hour days. Which of the following prices would result in a mutually advantageous trade between Chris and Tony?

• A) 1 lb. of tomatoes for 23 jars of sauce
• B) 1 lb. of tomatoes for 27 jars of sauce
• C) 1 lc. of tomatoes for 33 jars of sauce
• D) Both a and b are correct.

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Definitions:

Stocks And Bonds

Financial instruments, with stocks representing ownership in a company and bonds being loans made to a corporation or government.

Tangible

Refers to physical objects or assets that can be seen, touched, and quantified, as opposed to intangible items like rights or patents.

Movable

Personal property or assets that can be physically relocated from one place to another, as opposed to immovable property like land or buildings.

Article 2

Typically refers to a specific section within a larger legal document or statute, often cited in discussions of commercial transactions or contracts.