Table 2-3

Table 2-3 shows the output per day of two gardeners, George and Jack. They can either devote their time to mowing lawns or cultivating gardens.
-Refer to Table 2-3.What is Jack's opportunity cost of cultivating a garden?

Question

Table 2-3
  
Table 2-3 shows the output per day of two gardeners, George and Jack. They can either devote their time to mowing lawns or cultivating gardens.
-Refer to Table 2-3.What is Jack's opportunity cost of cultivating a garden?

Quizplus · Accepted Answer

Opportunity cost is the value of the next best alternative foregone. If Jack's opportunity cost of cultivating a garden is one and a half lawns mowed, it means that by choosing to cultivate a garden, he gives up the opportunity to mow one and a half lawns.

Table 2-3 Table 2-3 Shows the Output Per Day of Two Gardeners