Table 3-3

-Refer to Table 3-3.The opportunity cost of 1 birdhouse for Missouri is
A)1/2 basket.
B)1 basket.
C)1 1/2 baskets.
D)2 baskets.

Name: Table 3-3 -Refer to Table 3-3.The opportunity cost of 1 birdhouse for Missouri is A)1/2 basket. B)1 basket. C)1 1/2 baskets. D)2 baskets.
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Question

Table 3-3
 
-Refer to Table 3-3.The opportunity cost of 1 birdhouse for Missouri is
A)1/2 basket. 
B)1 basket. 
C)1 1/2 baskets. 
D)2 baskets.

Quizplus · Accepted Answer

The opportunity cost of 1 birdhouse for Missouri is 1/2 basket because Missouri can produce 2 birdhouses for every basket, so the cost of 1 birdhouse is half a basket.

Table 3-3 -Refer to Table 3-3.The Opportunity Cost of 1 Birdhouse for of 1