Table 3-6
Assume that Hilda and Carlos can switch between producing quilts and producing dresses at a constant rate.

-Refer to Table 3-6.The opportunity cost of 1 quilt for Hilda is
A) 1/3 dress.
B) 1/3 hour of labor.
C) 3 dresses.
D) 30 hours of labor.

Question

Table 3-6
Assume that Hilda and Carlos can switch between producing quilts and producing dresses at a constant rate.
 
-Refer to Table 3-6.The opportunity cost of 1 quilt for Hilda is
A) 1/3 dress. 
B) 1/3 hour of labor. 
C) 3 dresses. 
D) 30 hours of labor.

Quizplus · Accepted Answer

The opportunity cost of 1 quilt for Hilda is 3 dresses because it represents the number of dresses she could have produced instead of one quilt.

Table 3-6 Assume That Hilda and Carlos Can Switch Between Producing Quilts