Table 3-18
Chris and Tony's Production Opportunities
-Refer to Table 3-18 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.
Correct Answer:
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Q348: Table 3-18
Chris and Tony's Production Opportunities
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Chris and Tony's Production Opportunities
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