The Following Table Shows That in One Day Poultry Farmers

question 93

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 20.4 According to Table 20.4, 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:

Modified Approach

An alternative accounting method allowing certain assets to be reported at historical cost rather than being continuously adjusted for market valuation.

Infrastructure Assets

Long-term physical assets that are foundational for providing public services, such as roads, bridges, water systems, and utilities.

Capitalizes

The process of recording an expenditure as an asset, rather than an expense, thus spreading the cost over the useful life of the asset.

Statement of Activities

A financial report primarily used by non-profit organizations, detailing revenues earned and expenses incurred over a specific period.