Based on the Data in the Above Table, Then If

question 91

Multiple Choice

Based on the data in the above table, then if opportunity costs are constant, the opportunity cost of producing one cuckoo clock in the United States is ________, and the opportunity cost of producing one cuckoo clock in Switzerland is ________.

• A) 3 movies; 1.33 cuckoo clocks
• B) 0.33 movies; 0.67 cuckoo clocks
• C) 0.67 movie; 1.5 movies
• D) 1.5 movies; 0.67 movie

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Definitions:

Bank Service Charge

Fees charged by banks for the use of their services, such as account maintenance fees, non-sufficient funds (NSF) fees, and transaction fees.

Adjusting Journal Entries

Entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

NSF Check

A check that cannot be processed due to insufficient funds in the account of the drawer, commonly known as a bounced check.

Bank Service Charge

Fees charged by a bank for the maintenance of account services and other banking transactions.