In the period of one week, Tetah can knit 15 sweaters or bake 480 cookies.What is Tetah's opportunity cost per sweater?

Question

Quizplus · Accepted Answer

The opportunity cost per sweater is the alternative product Tetah would have to give up to produce one sweater. To calculate this, we divide the quantity of cookies she can produce in a week by the number of sweaters she can produce in a week. So, opportunity cost per sweater = 480 cookies ÷ 15 sweaters = 32 cookies per sweater. Therefore, the best choice is B, which is the option that represents the opportunity cost per sweater.

In the Period of One Week, Tetah Can Knit 15