In an Eight-Hour Day, Andy Can Produce Either 24 Loaves

question 145

Multiple Choice

In an eight-hour day, Andy can produce either 24 loaves of bread or 8 kilograms of butter. In an eight-hour day, Rolfe can produce either 8 loaves of bread or 8 kilograms of butter.
Based on the information above, the opportunity cost of producing 1 loaf of bread is

• A) 1 hour for Andy and 20 minutes (1/3 hour) for Rolfe.
• B) 1/3 kilogram of butter for Andy and 1 kilogram of butter for Rolfe.
• C) 3 kilograms of butter for Andy and 1 kilogram of butter for Rolfe.
• D) 8 kilograms of butter for both Andy and Rolfe.
• E) not calculable from the given information.

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Definitions:

Activation of Receptors

The process by which receptors on the cell surface or inside the cell are engaged by specific stimuli, leading to a cellular response.

Sensation

The process by which sensory receptors and the nervous system receive and represent stimulus energies from the environment.

Minimal Stimulus

The smallest level of stimulation that can be detected or that elicits a response from an organism.

Absolute Threshold

The minimum intensity of a stimulus that one can detect 50% of the time, delineating the boundary between detectable and undetectable sensations.