Abe can catch 10 pounds of fish an hour or pick 10 pounds of fruit. Zeb can catch 30 pounds of fish an hour or pick 20 pounds of fruit. The opportunity cost of fish is ________ for Abe than for Zeb, and the opportunity cost of fruit is ________ for Abe than for Zeb.
A) higher; lower
B) lower; higher
C) higher; higher
D) lower; lower

Question

Quizplus · Accepted Answer

Abe's opportunity cost of catching fish is 1 pound of fruit per pound of fish, while Zeb's is 2/3 pound of fruit per pound of fish. Thus, Abe's opportunity cost of fish is higher. Conversely, Abe's opportunity cost of picking fruit is 1 pound of fish per pound of fruit, while Zeb's is 1.5 pounds of fish per pound of fruit, making Abe's opportunity cost of fruit lower.

Abe Can Catch 10 Pounds of Fish an Hour or Pick