106. In an eight-hour day, Isabel can produce 15 pounds of taffy or 3 pounds of chocolate chip cookies. In an eight-hour day, Ramona can produce 6 pounds of taffy or 6 pounds of chocolate chip cookies. The opportunity cost of producing 1 pound of chocolate chip cookies is: A) one-fifth of an hour for Isabel and one hour for Ramona. B) one hour for Isabel and one hour for Ramona. C) five pounds of taffy for Isabel and one pound of taffy for Ramona. D) one-fifth of a pound of taffy for Isabel and one pound of taffy for Ramona.
107. (Table) Given the production possibilities schedule shown in the table, what is the opportunity cost of moving from E to F?
A) B) C) D)
2 bananas 3 bananas 2 apples 4 apples
108. (Figure: Bread and Honey) As more honey is produced, the opportunity cost of producing honey:
A) B) C) D)
decreases. increases. remains constant. is constant for the first 50 jars and then decreases as productive efficiency is achieved.
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