In the period of one week, Mohammed can knit 5 sweaters or bake 240 cookies.What is Mohammed's opportunity cost per sweater?

Question

Quizplus · Accepted Answer

The opportunity cost per sweater is the amount of cookies he could have baked instead of knitting one sweater. Since Mohammed can bake 240 cookies or knit 5 sweaters in a week, the opportunity cost of knitting one sweater is 240 cookies divided by 5 sweaters, which equals 48 cookies.

In the Period of One Week, Mohammed Can Knit 5