Table 3-4

-Refer to the table.What is the opportunity cost of one basket for Alberta
A)1/3 birdhouse
B)1 birdhouse
C)3 birdhouses
D)4 birdhouses

Name: Table 3-4 -Refer to the table.What is the opportunity cost of one basket for Alberta A)1/3 birdhouse B)1 birdhouse C)3 birdhouses D)4 birdhouses
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Question

Table 3-4
 
-Refer to the table.What is the opportunity cost of one basket for Alberta
A)1/3 birdhouse 
B)1 birdhouse 
C)3 birdhouses 
D)4 birdhouses

Quizplus · Accepted Answer

The opportunity cost of one basket for Alberta is 1/3 birdhouse because for every basket produced, Alberta must give up the production of 1/3 birdhouse.

Table 3-4 -Refer to the Table.What Is the Opportunity Cost of One