Earth Movers & Shakers operates 3 iron ore mines. The accompanying table shows each mine's total daily production and the current number of miners at each mine. All miners work for the same wage, and each miner in any given mine produces the same number of tons per day as every other miner in that mine. $$\begin{array} { | l | r | r | }
\hline & \text { Total Tans Per Day } & \text { Number of Miners } \
\hline \text { Mother Iuode } & 100 & 25 \
\hline \text { Bcrapirng Bottorn } & 30 & 10 \
\hline \text { Middle Drift } & 75 & 15 \
\hline
\end{array}$$
The opportunity cost of moving one miner from Scraping Bottom to another mine is:

Question

Earth Movers & Shakers operates 3 iron ore mines. The accompanying table shows each mine's total daily production and the current number of miners at each mine. All miners work for the same wage, and each miner in any given mine produces the same number of tons per day as every other miner in that mine. $$\begin{array} { | l | r | r | } 
\hline & \text { Total Tans Per Day } & \text { Number of Miners } \
\hline \text { Mother Iuode } & 100 & 25 \
\hline \text { Bcrapirng Bottorn } & 30 & 10 \
\hline \text { Middle Drift } & 75 & 15 \
\hline
\end{array}$$  
The opportunity cost of moving one miner from Scraping Bottom to another mine is:

Quizplus · Accepted Answer

The opportunity cost of moving one miner from Scraping Bottom to another mine is the production lost by moving the miner. At Scraping Bottom, 10 miners produce 30 tons per day, so each miner produces 3 tons per day. Moving one miner away would reduce the daily production by 3 tons, making the opportunity cost 3 tons per day.

Earth Movers & Shakers Operates 3 Iron Ore Mines The Opportunity Cost of Moving One Miner from Scraping Bottom