Abe can catch 10 pounds of fish an hour or pick 10 pounds of fruit. Zeb can catch 30 pounds of fish an hour or pick 20 pounds of fruit. The opportunity cost of fish is ________for Abe than for Zeb, and the opportunity cost of fruit is ________for Abe than for Zeb.
A) higher, higher
B) lower, higher
C) higher, lower
D) lower, lower

Question

Quizplus · Accepted Answer

The opportunity cost of fish is higher for Abe than for Zeb because Abe has to give up more fruit to catch the same amount of fish. The opportunity cost of fruit is lower for Abe than for Zeb because Abe can pick the same amount of fruit in the same amount of time as Zeb, but Abe also has the option to catch fish instead. Therefore, Abe has a lower opportunity cost for fruit.

Abe Can Catch 10 Pounds of Fish an Hour or Pick