a. alternative options
b. The same choice
c. a wide selection
d. an alternative option
e. confusing choices.
To obtain the maximum profit of the production process manufacturers must act ...
a. practical
b. saving
c. extravagant
d. efficient
e. economical.
The concept of choosing one alternative and ignore other alternative is the concept of cost ...
a. transaction
b. variable
c. chance
d. production
e. day-to-day.
Considerations to be aware of producer relation to employment opportunities in the production process is ...
a. large wages to be paid
b. the amount of labor used
c. quality of manpower needed
d. production costs incurred when using a labor-intensive system
e. the amount of benefit that will be obtained when using little manpower.
Selection by humans over a wide range of alternative options have an intention to ...
a. looking for fun
b. obtaining happiness
c. cope with limited resources
d. obtain maximum satisfaction
e. meet human needs are endless.
Examples of actions that reflect manufacturers rational attitude is ...
a. minimize production costs
b. suppress labor utilization
c. sell goods at standard prices
d. recruiting employees as much as possible
e. obtain satisfaction on goods and services.
Here the concept of opportunity cost in the production of a good is produced ...
a. items A and C
b. shirt and pants
c. shoes and sandals
d. goods while working
e. shoes and ignore the other stuff.
The underlying reason is the opportunity cost ...
a. the scarcity
b. limited need
c. unlimited needs
d. limited amount of resources
e. unlimited number of resources.
A sacrifice incurred to acquire something called ...
a. cost
b. wage
c. price
d. money
e. fare.
Intended use of the concept of opportunity cost of labor in the production process is ...
a. reduce the cost of production
b. obtain maximum satisfaction
c. obtain the maximum benefit
d. optimally produce
e. minimize the use of labor.
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