The Following Table Shows That in One Day Poultry Farmers

question 81

Multiple Choice

The following table shows that in one day poultry farmers in Arkansas can produce 3 cartons of eggs, while poultry farmers in Idaho can produce 2 cartons of eggs.It takes Arkansas potato farmers one day to produce 30 tons of potatoes, while Idaho potato farmers produce 10 tons of potatoes in that same time. Table 34.4 According to Table 34.4, what is the opportunity cost of 1 crate of eggs in Idaho?

• A)2 tons of potatoes
• B)One-fifth of a ton of potatoes
• C)10 tons of potatoes
• D)5 tons of potatoes
• E)One-tenth of a ton of potatoes

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Definitions:

Long-Term Investment

Assets purchased for the purpose of holding them for an extended period, often years, such as stocks, bonds, or real estate.

Bonds

Long-term instruments of debt issued by corporations or governments, promising to pay back the principal along with interest at a future date.

Equity Securities

Financial instruments that represent an ownership interest in a company, such as stocks.

Money-Market Funds

Investment funds that invest in short-term debt securities with the goal of providing high liquidity and low risk.