In one day,Kessy can bake 10 cookies or mix 15 glasses of lemonade.His friend Ava can make 10 cookies or 10 glasses of lemonade.His other friend,Ian,can make 10 cookies or 20 glasses of lemonade.Who has the LOWEST opportunity cost in cookie production?

Question

Quizplus · Accepted Answer

Ava has the lowest opportunity cost in cookie production because for every cookie she makes, she gives up the opportunity to make only 1 glass of lemonade, which is less than what Kessy (1.5 glasses) and Ian (2 glasses) give up.

In One Day,Kessy Can Bake 10 Cookies or Mix 15