If an Economy Produces Only Movies and Computers, Then the Opportunity

question 17

Multiple Choice

If an economy produces only movies and computers, then the opportunity cost of producing more movies is

• A)the value of forgone computer production.
• B)the value of more computer production.
• C)the value of movie production minus the value of computer production
• D)the total value of movie and computer production.
• E)zero because computers and movies are unrelated.

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Definitions:

Task Time

The duration required to complete a specific task or activity within a project or operational process.

Constant Allowances

Fixed time values added to the normal time required for a task, accounting for delays or non-work related activities.

Performance Rating

An evaluation of an individual's or machine's work output against a set standard.

Normal Time

The average time that should be taken to complete a task or process under normal working conditions.