Scenario: There are two workers in a factory that produces two goods, Good X and Good Y. Worker 1 adds a value of $200 per hour in the production of Good X and a value of $100 per hour in the production of Good Y. Worker 2 adds a value of $125 per hour in the production of Good X and a value of $87.50 per hour in the production of Good Y.
-Refer to the scenario above.The opportunity cost per dollar of the value added in the production of Good X by Worker 2 is ________ of the value added in the production of Good Y.
A) $0.50
B) $0.70
C) $87.50
D) $100
Correct Answer:
Verified
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