Below Is a Production Possibilities Curve Involving Tea and Videos

question 117

Multiple Choice

Below is a production possibilities curve involving tea and videos.

-Refer to the graph above to answer this question.Assume that the economy is facing PPI and that the economy is currently producing the combination of tea and videos represented by point A What is the opportunity cost of increasing the output of videos to 400,000?

• A)400 tons of tea.
• B)800 tons of tea.
• C)100,000 videos.
• D)300,000 videos.

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Definitions:

Training Costs

Expenses associated with the development and delivery of training programs to employees, aiming at enhancing their skills and knowledge for better job performance.

Employee Aptitudes

The natural talents or abilities that individuals possess, which may influence their performance and roles within a workplace.

Direct Connection

The immediate and straightforward link or relationship between two systems, processes, or people without intermediaries.

Reward

Benefits, compensation, or recognition given as a form of encouragement or acknowledgment for achieving a certain action, behavior, or goal.