Country a Can Produce 10 Yards of Textiles and 6

question 8

Multiple Choice

Country A can produce 10 yards of textiles and 6 pounds of food per unit of input.Compute the opportunity cost of producing food instead of textiles.

• A)1 yard of textiles per 1.67 pounds of food
• B)1 pound of food per 1.67 yards of textiles
• C)1 yard of textiles per .6 pounds of food
• D)1 pound of food per .6 yards of textiles

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Definitions:

Interest

The cost of borrowing money, typically expressed as a percentage rate, or the attention and curiosity someone shows towards a topic.

Adoption

The process of starting to use something new or integrating a new idea, habit, or innovation into use or practice.

Hierarchy of Effects

A model in marketing that outlines the sequential stages a consumer goes through in the process of purchasing a product, from awareness to action.

Integrity of the Manufacturer

Refers to the honesty, fairness, and adherence to moral and ethical principles demonstrated by a manufacturing company.