Consider the Following Production Possibilities Table for Drill Presses and Corn.The

question 133

Multiple Choice

Consider the following production possibilities table for drill presses and corn.The table shows the maximum combination of drills and corn that can be produced when all resources are fully employed.
Drill Presses 10 20 30 40 50
Corn 150 140 120 90 50
Based on the information in the table,

• A)the opportunity cost of producing 40 drill presses instead of 30 drills is 30 corn.
• B)there is a constant trade-off between corn and drill presses.
• C)the production possibilities curve for drill presses and corn will be a straight line.
• D)the opportunity cost of producing 30 drill presses instead of 20 drills is 120 corn.

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Definitions:

Situation Analysis

An assessment process that identifies an organization's internal strengths and weaknesses, along with external opportunities and threats in its environment.

SWOT Analysis

A strategic planning tool used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Market Summary

A description of the current state of the market.

BCG Matrix

A strategic business tool that classifies business units or products into four categories (Question Marks, Stars, Cash Cows, Dogs) based on market growth and market share.