Betty and Ann live on a desert island. With a dayʹs labor, Ann can produce 6 fish or 4 coconuts; Betty can produce 3 fish or 1 coconut. Bettyʹs opportunity cost of producing 1 fish is_____________ , and she should specialize in the production of___________ .
A) 2/3 coconut per fish; coconuts
B) 1 coconut per fish; fish
C) 1/3 coconut per fish; fish
D) 4 coconuts per fish; fish

Question

Quizplus · Accepted Answer

The Answer of Betty and Ann live on a desert island. With a dayʹs labor, Ann can produce 6 fish or 4 coconuts; Betty can produce 3 fish or 1 coconut. Bettyʹs opportunity cost of producing 1 fish is_____________ , and she should specialize in the production of___________ .
A) 2/3 coconut per fish; coconuts
B) 1 coconut per fish; fish
C) 1/3 coconut per fish; fish
D) 4 coconuts per fish; fish

Betty and Ann Live on a Desert Island