Refer to the information provided in Table 2.1 below to answer the following question(s).
Table 2.1
$$\begin{array} { | c | c | c | }
\hline & \text { Krystal } & \text { Mark } \
\hline \text { Writing Poerss } & 8 & 12 \
\hline \text { Writing TV Cornnercials } & 2 & 4 \
\hline
\end{array}$$
-Refer to Table 2.1. For Mark, the opportunity cost of writing one TV commercial is
A) 1/3 of a poem.
B) 2 poems.
C) 3 poems.
D) 8 poems.

Question

Refer to the information provided in Table 2.1 below to answer the following question(s).
Table 2.1
 $$\begin{array} { | c | c | c | } 
\hline & \text { Krystal } & \text { Mark } \
\hline \text { Writing Poerss } & 8 & 12 \
\hline \text { Writing TV Cornnercials } & 2 & 4 \
\hline
\end{array}$$
-Refer to Table 2.1. For Mark, the opportunity cost of writing one TV commercial is
A) 1/3 of a poem.
B) 2 poems.
C) 3 poems.
D) 8 poems.

Quizplus · Accepted Answer

Mark's opportunity cost of writing one TV commercial is the amount of another good (poems) that must be given up to produce it. Since Mark can write 12 poems or 4 TV commercials, the opportunity cost of 1 TV commercial is 12 poems / 4 TV commercials = 3 poems.

Refer to the Information Provided in Table 2 -Refer to Table 2