Refer to the information provided in Table 2.2 below to answer the following question(s).
Table 2.2
$$\begin{array} { | l | l | l | }
\hline & \text { Molly } & \text { Pete } \
\hline \text { Avatar Desigrn } & 6 & 3 \
\hline \text { Tattoo Desigri } & 3 & 2 \
\hline
\end{array}$$
-Refer to Table 2.2. For Pete, the opportunity cost of designing one tattoo is
A) 1/4 of an avatar design.
B) 2 avatar designs.
C) 4 avatar designs.
D) 6 avatar designs.

Question

Refer to the information provided in Table 2.2 below to answer the following question(s).
Table 2.2
 $$\begin{array} { | l | l | l | } 
\hline & \text { Molly } & \text { Pete } \
\hline \text { Avatar Desigrn } & 6 & 3 \
\hline \text { Tattoo Desigri } & 3 & 2 \
\hline
\end{array}$$
-Refer to Table 2.2. For Pete, the opportunity cost of designing one tattoo is
A) 1/4 of an avatar design.
B) 2 avatar designs.
C) 4 avatar designs.
D) 6 avatar designs.

Quizplus · Accepted Answer

Pete can design 3 avatar designs or 2 tattoo designs. The opportunity cost of one tattoo design is the number of avatar designs he could have made instead, which is 3/2 = 1.5. Therefore, for each tattoo design, Pete gives up 1.5 avatar designs, which is equivalent to 4/3 or approximately 4 avatar designs.

Refer to the Information Provided in Table 2 -Refer to Table 2