Table 3-4

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

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

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

Quizplus · Accepted Answer

The opportunity cost of one birdhouse for Manitoba is 3/4 basket of berries. Therefore, Manitoba should choose to produce baskets of berries instead of birdhouses since the opportunity cost is lower.

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