Figure 3-3
Ice cream and cones are measured in kilograms.
-Refer to Figure 3-3. For Jerry, what is the opportunity cost of 1 kg of cones?
A) 2/3 kg of ice cream
B) 1 kg of ice cream
C) 2 kg of ice cream
D) 3 kg of ice cream

Question

Figure 3-3
Ice cream and cones are measured in kilograms. 
-Refer to Figure 3-3. For Jerry, what is the opportunity cost of 1 kg of cones?
A) 2/3 kg of ice cream 
B) 1 kg of ice cream 
C) 2 kg of ice cream 
D) 3 kg of ice cream

Quizplus · Accepted Answer

The opportunity cost of 1 kg of cones for Jerry is 2/3 kg of ice cream, as shown in the table.

The best choice cannot be determined from the given information as it depends on Jerry's preferences and budget constraints.

Figure 3-3 Ice Cream and Cones Are Measured in Kilograms