Exhibit 2-12 Maria and Hans Production Possibilities for Laundry and Typing According to Exhibit 2-12, Hans' opportunity cost of typing one page is

Question

Exhibit 2-12 Maria and Hans Production Possibilities for Laundry and Typing  According to Exhibit 2-12, Hans' opportunity cost of typing one page is

Quizplus · Accepted Answer

Hans' opportunity cost of typing one page is the amount of laundry he must give up to type one page. According to the table, to produce one page of typing, he must give up 2/3 of a load of laundry. This can be calculated by dividing the amount of laundry he can produce (6 loads) by the amount of typing he can produce (9 pages), which equals 2/3 of a load of laundry per page. Therefore, the answer is (D) 2/3 of a load of laundry.