Table 2-19
$$\begin{array} { | l | c | c | }
\hline & \text { Wilrn } & \text { Betty } \
\hline \text { Statues } & 12 & 14 \
\hline \text { Benches } & 4 & 7 \
\hline
\end{array}$$
Table 2-19 shows the output per month of two people, Wilma and Betty.They can either devote their time to making marble statues or making marble benches.
-Refer to Table 2-19.What is Wilma's opportunity cost of making a statue stick?

Question

Table 2-19
 $$\begin{array} { | l | c | c | } 
\hline & \text { Wilrn } & \text { Betty } \
\hline \text { Statues } & 12 & 14 \
\hline \text { Benches } & 4 & 7 \
\hline
\end{array}$$ 
Table 2-19 shows the output per month of two people, Wilma and Betty.They can either devote their time to making marble statues or making marble benches.
-Refer to Table 2-19.What is Wilma's opportunity cost of making a statue stick?

Quizplus · Accepted Answer

Wilma's opportunity cost of making one statue is the number of benches she could have made instead. She can make 12 statues or 4 benches, so the opportunity cost of one statue is 4 benches / 12 statues = 1/3 bench.

Table 2-19 Table 2-19 Shows the Output Per Month of Two People