Table 13 Shows the Hypothetical Trade-Off Between Different Combinations of Brushes

question 14

Multiple Choice

Table 1.3 shows the hypothetical trade-off between different combinations of brushes and combs that might be produced in a year with the limited capacity for Country X,ceteris paribus.Complete the table by calculating the required opportunity costs for brushes and combs. $\begin{array}{|c|c|c|c|c|c|}\hline \text { Combination } & \begin{array}{c}\text { Number } \\\text { of } \\\text { Brushes }\end{array} & \begin{array}{c}\text { Opportunity Cost } \\\text { of Brushes in } \\\text { Terms } \\\text { of Combs }\end{array} & \begin{array}{c}\text { Number } \\\text { of Combs }\end{array} & \begin{array}{c}\text { Opportunity Cost } \\\text { of Combs in Terms } \\\text { of Brushes }\end{array} \\\hline \text { J } & 0 & & 4 \\\hline \mathrm{K} & 10 & & 3 \\\hline \mathrm{L} & 17 & & 2 \\\hline \mathrm{M} & 21 & & 1 \\\hline \mathrm{N} & 23 & & 0 \\\hline\end{array}$

Table 1.3
Production Possibilities for Brushes and Combs On the basis of your calculations in Table 1.3,what is the opportunity cost of producing at point M rather than point N?

• A)23 combs.
• B)21 combs.
• C)1 brush.
• D)2 brushes.

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Definitions:

Moral Responsibility

The duty to act according to ethical principles, making choices that reflect a consideration for the welfare of others and the greater good.

Brand Community Strategies

Approaches employed by brands to engage and interact with their dedicated communities.

Brand Managers

Professionals responsible for developing and maintaining the image, products, and strategy of a brand.

Subcultures of Consumption

are groups of individuals who exhibit shared commitments, behaviors, or preferences around specific brands or consumption activities, differentiating them from the broader culture.