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.As the group cleans more houses,the opportunity cost of cleaning houses

Question

Quizplus · Accepted Answer

The opportunity cost of cleaning houses rises as the group cleans more houses. This is because as they clean more houses, they are sacrificing the opportunity to do other things, such as taking on additional jobs or spending time on personal pursuits. The opportunity cost becomes higher as the group reaches the limits of their time and resources.

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