Suppose That Opportunity Costs Are Constant and That Fred Can

question 117

Multiple Choice

Suppose that opportunity costs are constant and that Fred can either bake a maximum of six pies or three cakes in a day. Ethel can produce a maximum of eight pies or two cakes in a day. Ethel has an comparative advantage in the production of

• A) cakes.
• B) pies.
• C) both cakes and pies.
• D) neither cakes nor pies.

---

Definitions:

Motivational Ego Needs

Psychological desires that drive individuals' behaviors with the aim of enhancing self-esteem and personal gratification.

BMW StreetCarver

A skateboard introduced by BMW which combines the mechanisms of a car with the design of a skateboard, aiming to offer a unique riding experience.

Cognitive Dissonance

The mental discomfort or psychological stress experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Consideration Set

A group of brands or products that a consumer evaluates as choices for a potential purchase.