Table 2-8 Table 2-8 Shows the Number of Labour Hours

question 163

Multiple Choice

Table 2-8
Table 2-8 shows the number of labour hours required to produce a motorcycle and a guitar in Ireland and Scotland.
-Refer to Table 2-8.What is Ireland's opportunity cost of producing one guitar?

• A) 0.2 of a motorcycle
• B) 5 motorcycles
• C) 8 motorcycles
• D) 32 motorcycles

---

Definitions:

Questions

Inquiries made to seek information or clarity about a particular subject.

Company Owned Franchises

Outlets of a franchise that are owned and operated by the franchisor itself, rather than by independent franchisees.

Geographic Areas

Specific locations or regions defined by natural or artificial boundaries used for analysis, management, or marketing purposes.

Customer Tastes

The preferences and inclinations of consumers that influence their purchasing behaviors, which can vary widely across different segments of the market.