-The Opportunity Cost of Producing One Bushel of Coffee in Brazilian

question 135

Multiple Choice

$$\begin{array} { l c c } & \text { One Brazilian Worker } & \text { One Columbian Worker } \\\text { Hot dogs } & 20 \text { bushels } & 15 \text { bushels } \\\text { Coffee } & 10 \text { bushels } & 5 \text { bushels }\end{array}$$
-The opportunity cost of producing one bushel of coffee in Brazil is

• A)1/2 bushels of a hot dog.
• B)20 bushels of hot dogs.
• C)2 person-hours of work.
• D)1/2 of a bushel of coffee in Columbia.
• E)2 bushels of hot dogs.

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Definitions:

Charge Customers

The act of requesting payment from consumers for goods or services provided.

Bundled Price

A pricing strategy where multiple products or services are sold together at a single, combined price, often at a discount to purchasing them separately.

Unit Price

The cost for a single unit of a product, service, or measure of quantity, used for price comparison and economic decision making.

Price Discriminate

The practice of selling the same product to different consumers at different prices based on their willingness to pay.