Table 2-10
Table 2-10 shows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks or making unicycles.
-Refer to Table 2-10. What is Barney's opportunity cost of making a pogo stick?
A) 1/2 of a unicycle
B) 2 unicycles
C) 1/3 of a unicycle
D) 1.4 pogo sticks

Question

Table 2-10
  Table 2-10 shows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks or making unicycles.
-Refer to Table 2-10. What is Barney's opportunity cost of making a pogo stick?
A) 1/2 of a unicycle 
B) 2 unicycles 
C) 1/3 of a unicycle 
D) 1.4 pogo sticks

Quizplus · Accepted Answer

Barney's opportunity cost of making a pogo stick is the amount of unicycles he forgoes. If he gives up 1/2 of a unicycle to make one pogo stick, then his opportunity cost is 1/2 of a unicycle.

Table 2-10 Table 2-10 Shows the Output Per Month of Month