The Following Table Illustrates Alternative Production Techniques for Producing 18

question 111

Multiple Choice

The following table illustrates alternative production techniques for producing 18 widgets that can be sold for $1 each for a total revenue of $18. Refer to the above table. If the price per unit of labor were to increase from $2 to $3, the most efficient production technique would then be:

• A) A
• B) B
• C) C
• D) D

---

Definitions:

Age Cohort

A category of people born in the same range of years.

Baby Boomer

A term used to describe a person born during the post-World War II baby boom between the years 1946 and 1964, often associated with a generation having a significant impact on economy and culture.

Incarceration Rates

The number of individuals confined in a prison or jail per 100,000 population within a specific geographic area.

Crime Statistics

Data collected, analyzed, and published regarding incidences of crime over a specific period, often used to identify trends, allocate resources, and inform policy.