Use the Figures Below to Answer the Following

question 158

Multiple Choice

use the figures below to answer the following questions :the production possibilities frontiers (PPFs) for two people who can allocate the same amount of time between building wooden boats and solving crimes.

-What is Gibbs's opportunity cost of making a wooden boat?

• A) 20 solved crimes
• B) 30 solved crimes
• C) 10 solved crimes
• D) 1/20 of a boat
• E) 1/10 of a boat

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Definitions:

Covariance

A measure that indicates the extent to which two variables change together; positive covariance indicates that both variables tend to move in the same direction.

Conditional Probabilities

The probability of a specific event happening after another event has already taken place.

IUPAC

The International Union of Pure and Applied Chemistry, an organization that sets standards for naming chemical compounds.

Compound

A mixture resulting from the chemical combination of two or more elements in exact proportions.