Figure 1.3.2 Monthly Production Possibilities for a Country Producing Only Hockey Sticks

question 178

Multiple Choice

Figure 1.3.2
Monthly Production Possibilities for a Country Producing Only Hockey Sticks and Maple Leaves

-According to Figure 1.3.2

• A) the best possibility is 2 hockey sticks and 3 maple leaves.
• B) a combination of 3 hockey sticks and 9 maples leaves is not possible.
• C) a combination of 3 hockey sticks and 2 maple leaves is possible.
• D) the opportunity cost of producing hockey sticks increases as more hockey sticks are produced.
• E) the opportunity cost of producing hockey sticks decreases as more hockey sticks are produced.

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Definitions:

Cumulative

Refers to the aggregate total of items or figures collected over a period of time, often used to describe the total amount of dividends or interests.

Dividends in Arrears

Dividends on cumulative preferred stock that have not been paid in the period they were due.