Use the following scenario to answer the questions that follow.
Karl and Pete produce cars and trucks. Karl can produce 10 cars per hour or 5 trucks per hour. Pete can produce 12 cars per hour or 4 trucks per hour.
-Based on the scenario,Karl's opportunity cost of one truck is ________ cars.

Question

Quizplus · Accepted Answer

Karl's opportunity cost of producing one truck is the number of cars he would have to give up to produce one truck. He can produce 10 cars or 5 trucks in an hour, so to produce one truck, he would have to give up producing 2 cars (10 cars ÷ 5 trucks = 2 cars per truck).

The best choice is not provided in the scenario, so there is no answer for this question.

Use the Following Scenario to Answer the Questions That Follow