Table 2-19
Table 2-19 shows the output per month of two people, Wilma and Betty. They can either devote their time to making marble statues or making marble benches.
-Refer to Table 2-19. What is Betty's opportunity cost of making a statue?
A) 1/2 of a bench
B) 2 benches
C) 1/3 of a bench
D) 1.4 statues

Question

Table 2-19
  Table 2-19 shows the output per month of two people, Wilma and Betty. They can either devote their time to making marble statues or making marble benches.
-Refer to Table 2-19. What is Betty's opportunity cost of making a statue?
A) 1/2 of a bench 
B) 2 benches 
C) 1/3 of a bench 
D) 1.4 statues

Quizplus · Accepted Answer

Betty can make 2 benches or 3 statues in 1 hour. So, the opportunity cost of making 1 statue is 2/3 of a bench.

Table 2-19 Table 2-19 Shows the Output Per Month of Month