Table 3.3

-Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Nigel's opportunity cost of producing one hair pin is
A) 1/3 of a bandana.
B) 2.5 bandanas.
C) 3 bandanas.
D) 10 bandanas.

Question

Table 3.3
 
-Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Nigel's opportunity cost of producing one hair pin is
A) 1/3 of a bandana. 
B) 2.5 bandanas. 
C) 3 bandanas. 
D) 10 bandanas.

Quizplus · Accepted Answer

The Answer of Table 3.3
 
-Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Nigel's opportunity cost of producing one hair pin is
A) 1/3 of a bandana. 
B) 2.5 bandanas. 
C) 3 bandanas. 
D) 10 bandanas.

Table 3.3 -Consider Two Individuals, Nigel and Mia, Who Produce Hair Pins