Exhibit 2-1

-According to Exhibit 2-1, Hans' opportunity cost of doing a load of laundry is

Question

Exhibit 2-1
  
-According to Exhibit 2-1, Hans' opportunity cost of doing a load of laundry is

Quizplus · Accepted Answer

The exhibit shows a table with two different types of tasks, "Write Papers" and "Do Laundry." It lists the number of papers (or pages) that can be written depending on how much time is spent on each task. For example, if Hans spends 1 hour doing laundry, he can only write 1 1/2 pages. Therefore, the opportunity cost of doing a load of laundry is 1 1/2 pages. The answer is C.

Exhibit 2-1 -According to Exhibit 2-1, Hans' Opportunity Cost of Doing a Opportunity