Hans can do 4 loads of laundry per hour,and he can type 6 pages per hour.Maria can do 12 loads of laundry per hour,and she can type 8 pages per hour.Hans' opportunity cost of typing one page is:
A)12 loads of laundry.
B)8 loads of laundry.
C)3/2 of a load of laundry.
D)2/3 of a load of laundry.
E)impossible to compute without additional information.

Question

Quizplus · Accepted Answer

Hans' opportunity cost of typing one page is the amount of laundry he could have done instead. Since he can do 4 loads of laundry in the time it takes to type 6 pages, the opportunity cost of typing one page is 4/6 = 2/3 of a load of laundry.

Hans Can Do 4 Loads of Laundry Per Hour,and He