Helen gives up the opportunity to bake 40 cakes for each room she paints; Josh can paint one room in the time it takes him to bake 60 cakes.The opportunity cost of a cake for Helen is

Question

Quizplus · Accepted Answer

The opportunity cost is the value of the best alternative forgone. In this case, the best alternative for Helen is to paint one room instead of baking 40 cakes. Therefore, the opportunity cost of a cake for Helen is painting 1/40 of a room. Choice B is the correct answer.

Helen Gives Up the Opportunity to Bake 40 Cakes for Each