It takes Sandy one week to write three poems or to write a song. The opportunity cost to Sandy of one poem is 1/3 of a song.

Name: It takes Sandy one week to write three poems or to write a song. The opportunity cost to Sandy of one poem is 1/3 of a song.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The opportunity cost of one poem is the value of the next best alternative, which is writing a song. Since it takes Sandy one week to write three poems or one song, the opportunity cost of one poem is 1/3 of a song. Therefore, the statement is true.

It Takes Sandy One Week to Write Three Poems or to Write