Table 2.1
-A group of people has formed a house cleaning and yard maintenance business.The number of houses or yards that they can clean or maintain in any given day is depicted in Table 2.1.The opportunity cost of cleaning the first house in a day is
A) 0 yards maintained.
B) 1 yard maintained.
C) 2 yards maintained.
D) 20 yards maintained.

Question

Table 2.1
-A group of people has formed a house cleaning and yard maintenance business.The number of houses or yards that they can clean or maintain in any given day is depicted in Table 2.1.The opportunity cost of cleaning the first house in a day is
A) 0 yards maintained. 
B) 1 yard maintained. 
C) 2 yards maintained. 
D) 20 yards maintained.

Quizplus · Accepted Answer

The opportunity cost of cleaning the first house is the next best alternative foregone, which in this case is maintaining one yard. So, the best choice is to clean the first house and forego maintaining one yard.

Table 2.1 -A Group of People Has Formed a House Cleaning and Cleaning