Table 2-15 Table 2-15 Shows the Output Per Day of Day

question 64

Multiple Choice

Table 2-15
Table 2-15 shows the output per day of two gardeners, George and Jack. They can either devote their time to mowing lawns or cultivating gardens.
-Refer to Table 2-15. What is Jack's opportunity cost of cultivating a garden?

• A) half a garden cultivated
• B) two lawns mowed
• C) two-thirds of a garden cultivated.
• D) one and a half lawns mowed

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Definitions:

Office Equipment

Fixed assets intended for use over a long period of time for the purpose of performing office-related tasks.

Services Rendered

Work or services provided by a business or individual, typically in exchange for payment.

Cash Payments Journal

A financial accounting journal used to record all transactions that result in cash payments, including operating expenses, asset purchases, and debt repayments.

Employees' Salaries

Fixed payments made to employees for their services over a specific period, not immediately influenced by changes in business activity levels.