The Data in the Table Below Assumes That with the Same

question 95

Multiple Choice

The data in the table below assumes that with the same quantity of resources, both Australia and Philippines produces food and computers.Australia can make 1, 000 computers or 2, 000 units of food in a day, and the Philippines can make 200 computers or 1, 200 units of food in a day. Table 34.2 According to Table 34.2, what is the opportunity cost of 1 unit of food in Australia?

• A)Half a unit of computer
• B)6 computers
• C)2 computers
• D)One-sixth of a unit of computers
• E)1 computer

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Definitions:

Organization's Flexibility

The ability of an organization to adapt to changes, innovate, and adjust its operations or structure in response to external or internal stimuli.

Z-statistic

A measure that describes how many standard deviations an element is from the mean of a population in standardized testing.

Alpha Levels

A threshold value that determines the significance level of a statistical test, representing the probability of rejecting a true null hypothesis (committing a Type I error).