Michael and Angelo are both artists who can create sculptures or paintings each day. The following table describes their maximum outputs per day. Use this table to answer the questions that follow.

-What is Michael's opportunity cost of a sculpture?
A) 2 paintings
B) 1/2 painting
C) 3 paintings
D) 1/3 sculpture
E) 1/2 sculpture

Question

Michael and Angelo are both artists who can create sculptures or paintings each day. The following table describes their maximum outputs per day. Use this table to answer the questions that follow.
 
-What is Michael's opportunity cost of a sculpture?
A) 2 paintings 
B) 1/2 painting 
C) 3 paintings 
D) 1/3 sculpture 
E) 1/2 sculpture

Quizplus · Accepted Answer

Michael can produce either 1 sculpture or 2 paintings per day, so his opportunity cost of a sculpture is giving up the production of 2 paintings, which is option B.

Answer: A
 Angelo can produce either 1 sculpture or 3 paintings per day, so his opportunity cost of a sculpture is giving up the production of 3 paintings. This means that his best choice is to produce sculptures since the opportunity cost is lower than if he produces paintings.

Michael and Angelo Are Both Artists Who Can Create Sculptures