Table 2-4
Table 2-4 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 2-4.What is George's opportunity cost of cultivating a garden?
A)one-half of a garden cultivated
B)two lawns mowed
C)two-thirds of a garden cultivated
D)one and a half lawns mowed

Question

Table 2-4
  Table 2-4 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 2-4.What is George's opportunity cost of cultivating a garden?
A)one-half of a garden cultivated 
B)two lawns mowed 
C)two-thirds of a garden cultivated 
D)one and a half lawns mowed

Quizplus · Accepted Answer

George's opportunity cost of cultivating a garden is the number of lawns he could have mowed in the same amount of time. From the table, we can see that he can mow 4 lawns per day or cultivate 1 garden per day. Therefore, if he chooses to cultivate a garden, he gives up the opportunity to mow 2 lawns (half of his daily output of 4 lawns).

The best choice(s) depend on individual preferences and constraints. If someone values having a well-tended garden more than having a well-mowed lawn, they may choose to cultivate the garden. On the other hand, if someone values a neat and tidy lawn more than a garden, they may choose to mow lawns. It also depends on the demand for these services in the market and the price they can charge for each service.

Table 2-4 Table 2-4 Shows the Output Per Day of Day