Table 2.4

Table 2.4 shows the output per week of two jewellers, Sabrina and Holly. They can either devote their time to making bracelets or making necklaces.
-Refer to Table 2-4. What is Holly's opportunity cost of making a necklace?
A)½ of a bracelet
B)3 bracelets
C)1 1/3 necklaces
D)2 necklaces

Question

Table 2.4
  
Table 2.4 shows the output per week of two jewellers, Sabrina and Holly. They can either devote their time to making bracelets or making necklaces.
-Refer to Table 2-4. What is Holly's opportunity cost of making a necklace?
A)½ of a bracelet 
B)3 bracelets 
C)1 1/3 necklaces 
D)2 necklaces

Quizplus · Accepted Answer

Holly's opportunity cost of making a necklace is the number of bracelets she could have made instead. If she can make 2 necklaces or 1 bracelet, then making 1 necklace costs her 1/2 of a bracelet.

Table 2.4 Table 2.4 Shows the Output Per Week of Two Jewellers