Abe can catch 15 pounds of fish an hour or pick 30 pounds of fruit an hour. He works an 8-hour day, spending 5 hours picking fruit and 3 hours catching fish. Calculate Abe's opportunity cost of a pound of fruit.
A) 6 minutes
B) 3 hours a day
C) 2 pounds of fish
D) 0.5 pounds of fish

Question

Quizplus · Accepted Answer

Abe can catch 15 pounds of fish an hour or pick 30 pounds of fruit an hour. So, the opportunity cost of a pound of fruit is 15/30 = 0.5 pounds of fish.

Abe Can Catch 15 Pounds of Fish an Hour or Pick