Table 3-33 Chris and Tony's Production Opportunities

question 324

Multiple Choice

Table 3-33
Chris and Tony's Production Opportunities
-Refer to Table 3-33 Chris and Tony both produce tomatoes and pasta sauce. The table shows their possible production per month if both work the same number of 8 hour days. Given this information, Chris's opportunity cost of 1 lb. of tomatoes is

• A)2 jars of sauce and Tony's opportunity cost of 1 lb. of tomatoes is 3 jars of sauce.
• B)3 jars of sauce and Tony's opportunity cost of 1 lb. of tomatoes is 2 jars of sauce.
• C)20 jars of sauce and Tony's opportunity cost of 1 lb. of tomatoes is 30 jars of sauce.
• D)30 jars of sauce and Tony's opportunity cost of 1 lb. of tomatoes is 20 jars of sauce.

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Definitions:

Chunking

A memory strategy that involves breaking down information into smaller, manageable units or chunks to make it easier to remember.

Treisman's Modified Filter Theory

A theory in psychology that proposes humans process information through a two-stage filtering process, initially screening stimuli based on physical characteristics and then allowing for further processing based on meaning.

Inverse Relationship

An inverse relationship is a connection between two variables where one increases as the other decreases.

Physical Properties

Characteristics of a material or substance that can be observed or measured without changing its identity, such as density, color, or melting point.