The Following Table Describes Buffy's Abilities to Produce Either Weapons

question 123

Multiple Choice

The following table describes Buffy's abilities to produce either weapons or food each hour.

-The opportunity cost of an extra unit of food is

• A) 0.333 fewer weapons.
• B) 3.33 fewer weapons.
• C) 33.3 fewer weapons.
• D) fewer weapons but the exact number cannot be calculated.
• E) 18 fewer weapons.

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Definitions:

Consumption

The act of using goods and services to satisfy needs and wants.

Utility Function

A mathematical representation of how a consumer's satisfaction or happiness is affected by consuming different quantities of goods and services.

Golf

A sport involving hitting a small ball into a series of holes with the least number of strokes possible, using various clubs.

Tennis

A racket sport that can be played individually against a single opponent or between two teams of two players each, where players hit a ball over a net trying to score points against opponents.