Refer to the accompanying table. Martha's opportunity cost of making a cake is: $$\begin{array} { | l | c | c | }
\hline & \text { Time ta Make a Pie } & \text { Tirne to Muke a Cake } \
\hline \text { Martha } & 60 \text { minutes } & 80 \text { minutes } \
\hline \text { Julia } & 50 \text { minutes } & 60 \text { minutes } \
\hline
\end{array}$$
A)3/4 of a pie.
B)4/3 of a pie.
C)6 pies.
D)60 pies.

Question

Refer to the accompanying table. Martha's opportunity cost of making a cake is: $$\begin{array} { | l | c | c | } 
\hline & \text { Time ta Make a Pie } & \text { Tirne to Muke a Cake } \
\hline \text { Martha } & 60 \text { minutes } & 80 \text { minutes } \
\hline \text { Julia } & 50 \text { minutes } & 60 \text { minutes } \
\hline
\end{array}$$  
A)3/4 of a pie.
B)4/3 of a pie.
C)6 pies.
D)60 pies.

Quizplus · Accepted Answer

Martha's opportunity cost of making a cake is calculated by dividing the time it takes her to make a cake by the time it takes her to make a pie. This gives us 80/60 = 4/3 of a pie.

Refer to the Accompanying Table A)3/4 of a Pie