Answer the Question on the Basis of the Following Production

question 91

Multiple Choice

Answer the question on the basis of the following production possibilities tables for two countries,Latalia and Trombonia: $\begin{array}{c}\quad\quad\quad\underline{ \text {Latalia's Production Possibilities }}\\\begin{array}{lll}\\ \text {Pork (Tons) }\\ \text {Beans (Tons) }\end{array}\begin{array}{c}\underline{\text {A}}\\4\\0\end{array}\begin{array}{c}\underline{\text {B}}\\3\\5\end{array}\begin{array}{c}\underline{\text {C}}\\2\\10\end{array}\begin{array}{c}\underline{\text {D}}\\1\\15\end{array}\begin{array}{c}\underline{\text {E}}\\0\\20\end{array}\end{array}$
$\begin{array}{c}\quad\quad\quad\underline{\text {Trombonia's Production Possibilities }}\\\begin{array}{lll}\\ \text {Pork (Tons) }\\ \text {Beans (Tons) }\end{array}\begin{array}{c}\underline{\text {A}}\\8\\0\end{array}\begin{array}{c}\underline{\text {B}}\\6\\6\end{array}\begin{array}{c}\underline{\text {C}}\\4\\12\end{array}\begin{array}{c}\underline{\text {D}}\\2\\18\end{array}\begin{array}{c}\underline{\text {E}}\\0\\24\end{array}\end{array}$
Refer to the tables.In Latalia the domestic real cost of 1 ton of pork:

• A) is 3 tons of beans.
• B) diminishes with the level of pork production.
• C) is 5 tons of beans.
• D) is 1/5 of a ton of beans.

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Definitions:

Mutually Exclusive

Two events that cannot occur at the same time, meaning the occurrence of one event prevents the occurrence of the other.

P(B / A)

The probability of event B occurring given that event A has already occurred, often used in conditional probability and Bayesian statistics.

Union

In mathematics, especially in set theory, the union of a collection of sets is the set that contains all elements that are a member of any set within the collection.

Random Events

Outcomes or occurrences that cannot be predicted with certainty due to the random nature of the underlying process.