Figure 113 Shows Mendork's Production Possibility Curve for the Only Two

question 96

Multiple Choice

Figure 1.13 shows Mendork's production possibility curve for the only two goods that it produces-guns and butter.

-Refer to Figure 1.13 to answer this question.What is the opportunity cost of producing the first 2 tonnes of butter?

• A)2 guns.
• B)18 guns.
• C)20 guns.
• D)The answer cannot be determined from the information given.

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Definitions:

Discontinuous Innovation

A radical form of innovation that introduces a new concept or product that significantly changes consumer habits, market dynamics, or the industry landscape.

Consumption Patterns

The typical manner in which individuals or groups buy, use, and dispose of goods and services over time.

Personal Selling

A direct form of marketing where salespeople interact face-to-face with customers to promote and sell products or services.

Discontinuous Innovation

Innovations that represent a significant departure from existing practices and often create new markets or transform existing ones.