Table 2.11 Table 2.11 shows the output per day of two gardeners, George and Jack.They can either devote their time to mowing lawns or cultivating gardens.
-Refer to Table 2.11.What is George's opportunity cost of cultivating a garden?
A)half a garden cultivated
B)two lawns mowed
C)two-thirds of a garden cultivated
D)one and a half lawns mowed

Question

Table 2.11  Table 2.11 shows the output per day of two gardeners, George and Jack.They can either devote their time to mowing lawns or cultivating gardens.
-Refer to Table 2.11.What is George's opportunity cost of cultivating a garden?
A)half a garden cultivated 
B)two lawns mowed 
C)two-thirds of a garden cultivated 
D)one and a half lawns mowed

Quizplus · Accepted Answer

The opportunity cost of cultivating a garden for George is the value of the alternative use of his time, which is mowing lawns. From the table, we can see that George can either cultivate 1 garden or mow 4 lawns in a day. Therefore, the opportunity cost of cultivating a garden for George is giving up the production of 2 lawns (half of the 4 lawns he could have mowed).

The best choice(s) depend on the specific needs or preferences of the individuals or firms involved. For example, if the demand for lawn mowing is higher than the demand for garden cultivation, it might be more profitable for George and Jack to focus on mowing lawns. On the other hand, if there is more demand for garden cultivation, it might be more profitable for them to focus on that instead. Ultimately, the best choice(s) depend on factors such as market demand, resource availability, and opportunity costs.

Table 211 Table 2