Popeye Produces 20 Cans of Spinach in 8 Hours

question 92

Multiple Choice

Popeye produces 20 cans of spinach in 8 hours.Wimpy produces 15 hamburgers in 10 hours.If each hamburger trades for 1.5 cans of spinach,then

• A)Popeye's production and productivity are greater than Wimpy's.
• B)Popeye's production is greater than Wimpy's,but his productivity is less.
• C)Wimpy's production and productivity are greater than Popeye's.
• D)Wimpy's production is greater than Popeye's,but his productivity is less.

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Definitions:

Economists

Experts in economics who study, develop, and apply theories and concepts about how economies work and distribute resources.

Polluting

The act of discharging harmful substances into the environment, negatively affecting air, water, and soil quality.

Fee

An amount of money charged for a particular service or as a payment for a right or privilege.

Pigovian Tax

A tax imposed on activities that generate negative externalities, intended to correct an inefficient market outcome by being equal to the social cost of the externalities.