Suppose That the Price of Cornflakes Is $6

question 307

Multiple Choice

Suppose that the price of cornflakes is $6.75 per box and the price of oatmeal is $4.50 per box. Both boxes contain the same number of ounces of cereal. The relative price of cornflakes in terms of oatmeal is

• A) 0.67.
• B) 1.0.
• C) 0.75.
• D) 1.50.

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Definitions:

Long-Run Financial Risk

The potential for financial loss or difficulties a company may face over an extended period, often due to changes in market conditions, operational challenges, or shifts in demand.

Price Of Corn

The market value per unit of corn, influenced by factors such as supply, demand, weather conditions, and agricultural policies.

Technological Improvements

Enhancements in technology which boost productivity, efficiency, or create new products and services.

Crop

Cultivated plants or agricultural produce, such as grain, vegetables, or fruit, considered as a group.