Use the Following Scenario to Answer the Following Questions

question 130

Multiple Choice

Use the following scenario to answer the following questions:
Karl and Jager produce cars and trucks.Karl can produce 10 cars per hour or 5 trucks per hour.Jager can produce 12 cars per hour or 4 trucks per hour.
-Based on the scenario,Jager's opportunity cost of one car is ________ truck(s) .

• A) two-thirds of a
• B) one-third of a
• C) three-quarters of a
• D) four
• E) three

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Definitions:

Invest More Conservatively

To allocate resources, usually finances, into lower-risk investments with the expectation of earning a steady, but possibly lower, return.

Surrogate Parents

Individuals who act in place of a child's biological parents, providing care and nurturing.

New Technologies

Emerging or advanced technologies that are creating significant changes in society, industries, and the way individuals live and work.

Ethnic Groups

Communities or populations that share a common cultural heritage, ancestry, language, or history.