Use the following scenario to answer the next four questions:
Esther and Albert produce hamburgers and hot dogs. Esther can produce six hamburgers per hour or four hot dogs per hour. Albert can produce three hamburgers per hour or one hot dog per hour.
-Based on the scenario,Albert's opportunity cost of one hot dog is:

Question

Quizplus · Accepted Answer

Albert's opportunity cost of producing one hot dog is the number of hamburgers he could have produced instead. Since Albert can produce 3 hamburgers per hour or 1 hot dog per hour, the opportunity cost of 1 hot dog is 3 hamburgers.

Use the Following Scenario to Answer the Next Four Questions