Use the Following Table to Answer the Following Questions -In Above Table, What Is the Opportunity Cost of Producing

question 31

Multiple Choice

Use the following table to answer the following questions:
$$\begin{array} { | c | c | c | } \hline { \begin{array} { c } \text { Labor Requirements for Production in the East and West } \\\text { (labor hours per unit of output) }\end{array} } \\\hline & \text { Food } & \text { Clothing } \\\hline \text { East } & 10 & 20 \\\hline \text { West } & 5 & 15 \\\hline & & \\\hline\end{array}$$
-In above table, what is the opportunity cost of producing one additional unit of food in the West?

• A) 3 units of clothing
• B) 2 units of food
• C) \(\frac{1}{2}\) unit of food
• D) \(\frac{1}{3}\) unit of clothing

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Definitions:

Idea Evaluation

The systematic analysis of the potential, feasibility, and marketability of a new idea to determine its viability as a business opportunity.

Member Diversity

The range of differences among members of a group or team, including demographics, skills, experiences, and perspectives, which can influence group dynamics and outcomes.

Subgroups

Smaller groups formed within a larger group, often with common interests or characteristics distinguishing them from the larger group.

Team's Composition

The makeup or arrangement of individuals within a team, including their skills, roles, and diversity.