One implication of goal-setting theory is that goals should be: set by top management. relatively easy to achieve. set at a leve
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Answer:
2 and 4
Explanation:
Japanese worker can produce 6 units of steel or 3 televisions per hour.
Korean worker can produce 8 units of steel or 2 televisions per hour.
Opportunity cost is the cost of the lost alternative. So when the country decides to produce only televisions it has to give up on steel production. Thus, the units of steel forgone for each unit of television gained is an opportunity cost of a television.
Thus,
Opportunity cost of television for Japan =
Opportunity cost of television for Korea =
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The correct answer is option D- Cookie jar
As always, it is my pleasure to help students like you!
The correct answer is option D- Cookie jar
As always, it is my pleasure to help students like you!