In one week,Mohammed can knit 5 sweaters or bake 240 cookies.In one week,Aisha can knit 15 sweaters or bake 480 cookies.Mohammed's opportunity cost baking one cookie is:
A)1 sweater.
B)5 sweaters.
C)48 sweaters.
D)1/48 of a sweater.
E)48 cookies.

Question

Quizplus · Accepted Answer

To calculate the opportunity cost of baking one cookie for Mohammed, we need to determine how many sweaters he would have to give up to bake one cookie.

From the given information, we know that Mohammed can either knit 5 sweaters or bake 240 cookies in one week. Therefore, his opportunity cost of knitting 1 sweater is:

240 cookies ÷ 5 sweaters = 48 cookies per sweater

Therefore, Mohammed's opportunity cost of baking one cookie is:

1 cookie ÷ 48 cookies per sweater = 1/48 of a sweater

In One Week,Mohammed Can Knit 5 Sweaters or Bake 240