Table 2-7 Table 2-7 Shows the Output Per Week of Week

question 39

Multiple Choice

Table 2-7
Table 2-7 shows the output per week of two people,Minnie and Mickey.They can either devote their time to making hats or making umbrellas.
-Refer to Table 2-7.What is Minnie's opportunity cost of making a hat?

• A)1/5 of an umbrella
• B)1/4 of an umbrella
• C)4 umbrellas
• D)10 umbrellas

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Definitions:

Remaining

The portion or quantity left over or unallocated after other parts have been accounted for or allocated.

Investor

An individual or entity that allocates capital with the expectation of receiving financial returns, usually through stocks, bonds, or real estate.

Investee

The entity in which an investment is made, often subject to the influence or control of the investor through ownership of equity shares or other mechanisms.

Bargain Purchase

An acquisition where the purchase price is significantly less than the fair value of the net identifiable assets of the acquired company.