use the figures below to answer the following questions :the production possibilities frontiers (PPFs)for two people who can allocate the same amount of time between building wooden boats and solving crimes.

-What is Gibbs's opportunity cost of solving a crime?
A) 20 solved crimes
B) 30 solved crimes
C) 5 solved crimes
D) 1/20 of a boat
E) 1/10 of a boat

Question

use the figures below to answer the following questions :the production possibilities frontiers (PPFs) for two people who can allocate the same amount of time between building wooden boats and solving crimes.
use the figures below to answer the following questions :the production possibilities frontiers (PPFs) for two people who can allocate the same amount of time between building wooden boats and solving crimes. -What is Gibbs's opportunity cost of solving a crime? A) 20 solved crimes B) 30 solved crimes C) 5 solved crimes D) 1/20 of a boat E) 1/10 of a boat

-What is Gibbs's opportunity cost of solving a crime?

-What is Gibbs's opportunity cost of solving a crime?
A) 20 solved crimes 
B) 30 solved crimes 
C) 5 solved crimes 
D) 1/20 of a boat 
E) 1/10 of a boat

Quizplus · Accepted Answer

Opportunity cost is what Gibbs sacrifices to solve a crime. If solving a crime costs him 1/10 of a boat, then that is his opportunity cost.

Use the Figures Below to Answer the Following