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

question 8

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 motorcycle?

• A) 0.2 of a guitar
• B) 5 guitars
• C) 8 guitars
• D) 32 guitars

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Definitions:

Inventory Levels

The quantity of goods and materials a company has in stock at any given time.

Sales Representatives

Individuals who represent a company's products or services and are responsible for extending its market reach by securing sales, clients, or contracts.

Selling Expenses

Costs incurred directly from the selling of products or services, including advertising, commission, and distribution costs.

February Sales

The total sales revenue generated by a company specifically in the month of February.