Table 3.2
-Consider two individuals,Rose and Sharon,who produce fish and coconuts.Rose and Sharon's hourly productivity are shown in Table 3.2.Sharon's opportunity cost of producing 1 coconut is:

Question

Quizplus · Accepted Answer

Sharon's opportunity cost of producing 1 coconut is the amount of fish she could have produced instead. According to Table 3.2, if Sharon produces 1 coconut, she can produce only 0.75 fish in the same time period. Therefore, her opportunity cost of producing 1 coconut is 0.75 fish, which is equivalent to option B (1 1/3 fish being the amount of fish she would need to sacrifice to produce 1 coconut).

Table 3.2 -Consider Two Individuals,Rose and Sharon,who Produce Fish and Coconuts.Rose and Coconuts.Rose