Use the following scenario to answer the following questions:
Karl and Jager produce cars and trucks.Karl can produce 10 cars per hour or 5 trucks per hour.Jager can produce 12 cars per hour or 4 trucks per hour.
-Based on the scenario,Jager's opportunity cost of one car is ________ truck(s).

Question

Quizplus · Accepted Answer

Jager can produce either 12 cars or 4 trucks in an hour. To produce one car, Jager must sacrifice the production of 4/12 or 1/3 of a truck.

Answer: Produce trucks with Karl and cars with Jager.
 
To produce the most number of vehicles, it would be best to allocate Karl to produce trucks and Jager to produce cars. Karl can produce 5 trucks per hour which is more than what Jager can produce. Meanwhile, Jager can produce 12 cars per hour which is more than what Karl can produce. By specializing, they can produce a total of 17 vehicles per hour (5 trucks + 12 cars).

Use the Following Scenario to Answer the Following Questions