Production Possibilities Tables for Two Countries,North Cantina and South Cantina

question 173

Multiple Choice

Production possibilities tables for two countries,North Cantina and South Cantina:
North Cantina
Production possibilities (alternatives)
South Cantina
Production possibilities (alternatives)

-Refer to the above tables.If South Cantina is producing at production alternative D,the opportunity cost of the third unit of capital goods is:

• A) 3 units of consumer goods.
• B) 4 units of consumer goods.
• C) 5 units of consumer goods.
• D) 6 units of consumer goods.

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Definitions:

Inventory Group

A classification system within inventory management that organizes products or materials into manageable groups for efficiency.

Non-inventory Assembly

This refers to the process of combining non-inventory items or services to create a new product or package that is not tracked as inventory.

Vendor Credit

A form of credit extended by a vendor to a business, allowing the purchase of goods or services on account or deferred payment terms.

Enter Bill

The action or process of recording a bill in financial software, indicating a liability or money owed by a business.