Use the Following to Answer Questions

question 248

Multiple Choice

Use the following to answer questions :
-(Table: Production Possibilities Schedule II) Look at the table Production Possibilities Schedule II. If the economy is producing at Y, the opportunity cost of producing at Z is _____ units of consumer goods per period.

• A)1
• B)6
• C)8
• D)14

---

Definitions:

Nonphysical Assets

Assets that do not have a physical form, such as patents, trademarks, and goodwill.

Competitive Advantages

Unique attributes or circumstances that give a business or product superiority over its competitors.

Plant Assets

Tangible assets used in the operation and production areas of a manufacturing company that have a useful life longer than one year.

Disposed

This refers to the act of getting rid of something, often used in the context of assets that have been sold or removed from the books.