Table 2-6

Table 2-6 shows the output per week of two jewelers, Serena and Haley. They can either devote their time to making bracelets or making necklaces.
-Refer to Table 2-6.What is Serena's opportunity cost of making a bracelet?
A)2 necklaces
B)1/2 of a bracelet
C)1/2 of a necklace
D)3/4 of a bracelet

Question

Table 2-6
  
Table 2-6 shows the output per week of two jewelers, Serena and Haley. They can either devote their time to making bracelets or making necklaces.
-Refer to Table 2-6.What is Serena's opportunity cost of making a bracelet?
A)2 necklaces 
B)1/2 of a bracelet 
C)1/2 of a necklace 
D)3/4 of a bracelet

Quizplus · Accepted Answer

To calculate the opportunity cost of making a bracelet for Serena, we need to look at the output per week of both options. If Serena makes a bracelet, she will only be able to make 2 necklaces. Therefore, the opportunity cost of making a bracelet for Serena is 2 necklaces.

As for the best choice, it depends on their preferences and the market demand. If bracelets are selling at a higher price than necklaces, they might want to focus on making bracelets. On the other hand, if the demand for necklaces is higher, they might want to focus on making necklaces. So, there is no clear answer to this question without additional information.

Table 2-6 Table 2-6 Shows the Output Per Week of Two Jewelers