Use the following scenario to answer the next eight questions:
Rosa and Dirk produce basketballs and footballs. Rosa can produce six basketballs per hour or two footballs per hour. Dirk can produce three basketballs per hour or four footballs per hour.
-Based on the scenario,Dirk's opportunity cost of one basketball is:

Question

Quizplus · Accepted Answer

Dirk's opportunity cost of producing one basketball is the amount of footballs he could produce instead. Since Dirk can produce 3 basketballs or 4 footballs per hour, the opportunity cost of one basketball is 4/3 footballs, which simplifies to 1 1/3 footballs.

Use the Following Scenario to Answer the Next Eight Questions