Table 2-17 Table 2-17 Shows the Output Per Week of Week

question 311

Multiple Choice

Table 2-17
Table 2-17 shows the output per week of two people, James and Lucy. They can either devote their time to making wagons or making tricycles.
-Refer to Table 2-17. What is James's opportunity cost of making a tricycle?

• A) 2 tricycles
• B) 1/2 of a wagon
• C) 1/2 of a tricycle
• D) 3/4 of a wagon

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Definitions:

Last Mile Delivery

The final step of the delivery process where goods are transported from a transportation hub to the final delivery destination, typically a personal residence.

Distributor Storage

A storage model where goods are stored by a distributor or wholesaler rather than at the manufacturer's or retailer's premises.

Distributor Storage

A logistic strategy where products are stored at distributor warehouses, allowing for quicker delivery to customers as compared to direct manufacturer shipments.

Product Variety

The range of different products or services offered by a company to meet diverse consumer needs.