Exhibit 2-1
$$\begin{array} { l r r }
& \text { Hans } & \text { Maria } \
\hline \text { Loads of laundry per hour } & 4 & 12 \
\text { Pages typed per hour } & 6 & 8
\end{array}$$
-Refer to the exhibit.What is Maria's opportunity cost of typing a page?

Question

Exhibit 2-1
 $$\begin{array} { l r r } 
& \text { Hans } & \text { Maria } \
\hline \text { Loads of laundry per hour } & 4 & 12 \
\text { Pages typed per hour } & 6 & 8
\end{array}$$
-Refer to the exhibit.What is Maria's opportunity cost of typing a page?

Quizplus · Accepted Answer

Maria's opportunity cost of typing a page is the amount of laundry she could have done in the time it takes her to type a page. Since she can type 8 pages per hour, she spends $\frac{1}{8}$ of an hour typing one page. In that time, she could have done $\frac{1}{8} \cdot 12 = \frac{3}{2}$ loads of laundry. Therefore, her opportunity cost of typing a page is 1 1/2 loads of laundry.

The best choice is C because it correctly identifies Maria's opportunity cost of typing a page. Answers A, B, and D are incorrect because they either do not involve Maria's opportunity cost or do not correctly calculate it.

Exhibit 2-1 -Refer to the Exhibit