Table 2-9
Table 2-9 shows the output per week of two jewelers, Serena and Haley. They can either devote their time to making bracelets or making necklaces.
-Refer to Table 2-9. What is Serena's opportunity cost of making a bracelet?
A) 2 necklaces
B) 1/2 of a bracelet
C) 1/2 of a necklace
D) 3/4 of a bracelet

Question

Table 2-9
  Table 2-9 shows the output per week of two jewelers, Serena and Haley. They can either devote their time to making bracelets or making necklaces.
-Refer to Table 2-9. What is Serena's opportunity cost of making a bracelet?
A) 2 necklaces 
B) 1/2 of a bracelet 
C) 1/2 of a necklace 
D) 3/4 of a bracelet

Quizplus · Accepted Answer

Serena can make 2 necklaces in the same time it takes her to make 1 bracelet. So, the opportunity cost of making a bracelet is 2 necklaces.

Table 2-9 Table 2-9 Shows the Output Per Week of Week