Lee can pick 30 apples in one hour.He can pick 60 kiwifruit in half an hour.The opportunity cost to Lee of picking one apple is four kiwifruit.

Question

Quizplus · Accepted Answer

The opportunity cost of picking one apple for Lee is two kiwifruits, since he can pick 60 kiwifruits in half an hour (equivalent to 120 kiwifruits in one hour), and 30 apples in one hour, making the ratio 120:30 or 4:1 kiwifruits to apples. Therefore, for every apple picked, Lee forgoes picking 4 kiwifruits, not the other way around.

Lee Can Pick 30 Apples in One Hour