Answer the Question on the Basis of the Data Given

question 217

Multiple Choice

Answer the question on the basis of the data given in the following production possibilities table. Refer to the table. If the economy is producing at production alternative C, the opportunity cost of the 10th unit of consumer goods will be

• A) 4 units of capital goods.
• B) 2 units of capital goods.
• C) 3 units of capital goods.
• D) ⅓ of a unit of capital goods.

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Definitions:

Rules-Based Dispatching

Rules-Based Dispatching involves utilizing predetermined rules to govern the allocation and scheduling of work or tasks, often to optimize productivity and resource use.

Product Mix

Product mix represents the total variety of products that a company offers for sale, encompassing different product lines, sizes, colors, and other variations.

Job Flow Time

The total time taken from the initiation to the completion of a job, including processing, waiting, and transportation times.

Dispatching Rules

Guidelines used in production control to determine the priority in which jobs should be processed on manufacturing resources.