Mikhail and Stefan are both artists who can create sculptures or paintings each day.The following table describes their maximum outputs per day.Use this table to answer the following questions.

-What is Mikhail's opportunity cost of a painting?
A) 1/2 painting
B) 1/2 sculpture
C) 3 paintings
D) 2 sculptures
E) 2 paintings

Question

Mikhail and Stefan are both artists who can create sculptures or paintings each day.The following table describes their maximum outputs per day.Use this table to answer the following questions.
 
-What is Mikhail's opportunity cost of a painting?
A) 1/2 painting 
B) 1/2 sculpture 
C) 3 paintings 
D) 2 sculptures 
E) 2 paintings

Quizplus · Accepted Answer

The best choice would be for Mikhail to focus entirely on creating sculptures while Stefan focuses on painting. This is because Mikhail's opportunity cost for creating a painting is 2 sculptures, while Stefan's opportunity cost for creating a painting is only 1 sculpture. Therefore, by specializing, they can create more of each type of art than if they each tried to create both types.

Mikhail and Stefan Are Both Artists Who Can Create Sculptures