Figure 3-3
Ice cream is measured in kilograms.
-Refer to Figure 3-3. For Jerry, what is the opportunity cost of 1 pound of ice cream?
A)3/2 kg of cones.
B)1/3 kg of cones.
C)1 kg of cones.
D)2 kg of cones.

Question

Figure 3-3
Ice cream is measured in kilograms. 
-Refer to Figure 3-3. For Jerry, what is the opportunity cost of 1 pound of ice cream?
A)3/2 kg of cones. 
B)1/3 kg of cones. 
C)1 kg of cones. 
D)2 kg of cones.

Quizplus · Accepted Answer

The opportunity cost of 1 pound of ice cream for Jerry is 3/2 kg of cones, as it represents the amount of cones he foregoes to produce an additional pound of ice cream.

Figure 3-3 Ice Cream Is Measured in Kilograms