Question : 31) Deb and Pete have volunteered to help their favorite : 1228140

31) Deb and Pete have volunteered to help their favorite charity mail out fundraiser information. The figure above shows their production possibilities frontiers for assembling packets and stuffing envelopes. If Deb spends all her time assembling packets, how many can she assemble?

A) 32

B) 40

C) 64

D) 160

E) 22

32) Deb and Pete have volunteered to help their favorite charity mail out fundraiser information. The figure above shows their production possibilities frontiers for assembling packets and stuffing envelopes. What is Deb’s opportunity cost of assembling 1 packet?

A) 160 envelopes

B) 40 envelopes

C) 4 envelopes

D) 1/4 of an envelope

E) 4 packets

33) Deb and Pete have volunteered to help their favorite charity mail out fundraiser information. The figure above shows their production possibilities frontiers for assembling packets and stuffing envelopes. Which of the following statements is correct?

A) Deb has a comparative advantage in assembling packets.

B) Pete has an absolute advantage in both assembling packets and stuffing envelopes.

C) Deb has a comparative advantage in stuffing envelopes.

D) Deb has an absolute advantage in both assembling packets and stuffing envelopes.

E) Deb has a comparative advantage in both assembling packets and stuffing envelopes.

34) Deb and Pete have volunteered to help their favorite charity mail out fundraiser information. The figure above shows their production possibilities frontiers for assembling packets and stuffing envelopes. If Deb and Pete specialize and trade, how many packets will be assembled?

A) 40

B) more than 40 and less than 80

C) 80

D) 160

E) more than 80 and less than 160

35) Gabriel operates a ranch in Idaho where he raises cattle and grows potatoes. The figure above illustrates his production possibilities frontier. What is Gabriel’s opportunity cost of growing another ton of potatoes?

A) 400 cows

B) 80 cows

C) 100 cows

D) 0 cows

E) 1 ton of potatoes

36) Gabriel operates a ranch in Idaho where he raises cattle and grows potatoes. The figure above illustrates his production possibilities frontier. What is Gabriel’s opportunity cost of raising another 100 cows?

A) 1.25 tons of potatoes

B) 5.0 tons of potatoes

C) 3.0 tons of potatoes

D) 1.0 ton of potatoes

E) 100 cows

37) In the above figure, Jack’s opportunity cost of producing 1 gallon of soda is ________ of bottled water.

A) 1 gallon

B) 1/2 of a gallon

C) 6 gallons

D) 1/4 of a gallon

E) 2 gallons

38) In the above figure, Jack’s opportunity cost of producing 1 gallon of bottled water is ________ of soda.

A) 2 gallons

B) 1/2 of a gallon

C) 6 gallons

D) 1/4 of a gallon

E) 1 gallon

39) In the above figure, Jill’s opportunity cost of producing 1 gallon of soda is ________ of bottled water.

A) 2 gallons

B) 1/2 of a gallon

C) 4 gallons

D) 1 gallon

E) 1/4 of a gallon

40) In the above figure, Jill’s opportunity cost of producing 1 gallon of bottled water is ________ of soda.

A) 2 gallons

B) 1/2 of a gallon

C) 4 gallons

D) 1 gallon

E) 1/4 of a gallon