Keisha Can Produce the Following Combinations of X and Y

question 88

Multiple Choice

Keisha can produce the following combinations of X and Y: 100X and 20Y,50X and 30Y,or 0X and 40Y.The opportunity cost of one unit of Y for Keisha is

• A) 5 units of X.
• B) 0.2 units of X.
• C) 3 units of X.
• D) 1/2 unit of X.
• E) none of the above

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Definitions:

Fixed Fee

A pricing structure where a single set price is charged for a service, regardless of the time or resources used to complete it.

Charge Per Copy

The amount billed for each photocopy or printed page, typically in the context of office equipment or copy services.

High-low Method

A technique used in cost accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.

Machine Hours

A measure of the amount of time a machine is operated, used in accounting to allocate manufacturing overhead costs.