Table 2-3 -Refer to Table 2-3

question 31

Multiple Choice

Table 2-3 $$\begin{array} { | c | c | } \hline \text { Cookies (in dozens) } & \text { Coffee (in pounds) } \\\hline 1000 & 0 \\\hline 800 & 350 \\\hline 600 & 650 \\\hline 400 & 800 \\\hline 200 & 1000 \\\hline 0 & 1150 \\\hline\end{array}$$
-Refer to Table 2-3.What is the opportunity cost of increasing the production of cookies from 200 dozen to 400 dozen?

• A)100 pounds of coffee
• B)200 pounds of coffee
• C)300 pounds of coffee
• D)400 pounds of coffee

---

Definitions:

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.

Technological Factors

These are elements that relate to the innovation, inventions, and technological capabilities that impact an organization, industry, or economy.

Interest Payments

Monetary amounts paid at regular intervals by the borrower to a lender as compensation for the use of borrowed money, often a percentage of the outstanding loan.

Poor Countries

Nations characterized by low levels of income, inadequate infrastructure, limited access to healthcare and education, and often suffering from political instability.