Suppose That a Worker in Country a Can Make Either

question 122

Multiple Choice

Suppose that a worker in Country A can make either 25 bananas or 5 tomatoes each year.Country A has 200 workers.Suppose a worker in Country B can make either 18 bananas or 6 tomatoes each year.Country B has 400 workers.Two possible consumption bundles that Country B could produce are:

• A) (7,200 bananas, 2,400 tomatoes) and (3,600 bananas, 1,200 tomatoes)
• B) (7,200 bananas, 0 tomatoes) and (4,000 bananas, 1,200 tomatoes)
• C) (3,600 bananas, 1,200 tomatoes) and (1,800 bananas, 1,600 tomatoes)
• D) (1,800 bananas, 1,800 tomatoes) and (900 bananas, 2,200 tomatoes)

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Definitions:

In-House Instructors

Experienced employees within a company who provide training and knowledge transfer to other employees, often as part of on-the-job training programs.

Average Salary

The mean income derived from dividing the total payroll of a particular sector by the number of employees in it.

Demand For Legal Services

The quantity of legal assistance that consumers are willing and able to purchase at a given price.

Wages Of Lawyers

This refers to the compensation or payment received by lawyers for their legal services, often influenced by factors such as experience, location, and the nature of legal work.