Table 2-4 Production Possibilities for Picnicland

question 566

Multiple Choice

Table 2-4
Production Possibilities for Picnicland
-Refer to Table 2-4. What is the opportunity cost to Picnicland of increasing the production of hotdogs from 450 to 900?

• A)150 burgers
• B)225 burgers
• C)300 burgers
• D)450 burgers

---

Definitions:

Controversial Industries

Sectors of the economy that generate public debate or disagreement, often due to ethical, environmental, or health concerns.

Triple Bottom Line

An accounting framework that incorporates three dimensions of performance: social, environmental, and financial.

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public—by practicing sustainable and ethical operations.

Ethical Issue

A dilemma or circumstance that requires a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).