Jamie must give up the production of 100 ties to produce 50 additional sweaters. The opportunity cost of producing four ties is _____ sweater(s).

Name: Jamie must give up the production of 100 ties to produce 50 additional sweaters. The opportunity cost of producing four ties is _____ sweater(s).
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Question

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The opportunity cost of producing 50 sweaters is 100 ties, so the opportunity cost of producing one sweater is 2 ties. Therefore, the opportunity cost of producing four ties is 2 sweaters.

Jamie Must Give Up the Production of 100 Ties to Produce