Betty and Ann live on a desert island. With a day's labour, Ann can produce 6 fish or 4 coconuts; Betty can produce 3 fish or 1 coconut. Betty's opportunity cost of producing 1 fish is ________, and she should specialise in the production of ________..
A)1 coconut per fish; fish
B)4 coconuts per fish; fish
C)2/3 coconut per fish; coconuts
D)1/3 coconut per fish; fish

Question

Quizplus · Accepted Answer

The Answer of Betty and Ann live on a desert island. With a day's labour, Ann can produce 6 fish or 4 coconuts; Betty can produce 3 fish or 1 coconut. Betty's opportunity cost of producing 1 fish is ________, and she should specialise in the production of ________..
A)1 coconut per fish; fish
B)4 coconuts per fish; fish
C)2/3 coconut per fish; coconuts
D)1/3 coconut per fish; fish

Betty and Ann Live on a Desert Island