-Refer to the table. What is the opportunity cost of one sled for Winter?
A) 3/4 beach ball
B) 1 beach ball
C) 4/3 beach balls
D) 3 beach balls

Question

-Refer to the table. What is the opportunity cost of one sled for Winter?
A) 3/4 beach ball 
B) 1 beach ball 
C) 4/3 beach balls 
D) 3 beach balls

Quizplus · Accepted Answer

The opportunity cost of one good is what is given up to produce that good. For Winter, producing 1 sled means giving up the production of 4/3 beach balls, as indicated by the ratio of their production possibilities.

-Refer to the Table