Refer to the figure below. For Pat, the opportunity cost of planting one bulb is removing:
A)20 bags of trash.
B)5 bags of trash.
C)1/20 of a bag of trash.
D)1/5 of a bag of trash.

Question

Refer to the figure below. For Pat, the opportunity cost of planting one bulb is removing:  
A)20 bags of trash. 
B)5 bags of trash. 
C)1/20 of a bag of trash. 
D)1/5 of a bag of trash.

Quizplus · Accepted Answer

The opportunity cost is the cost of forgoing the next best alternative. In this scenario, for Pat to plant one bulb, she has to remove five bags of trash (as shown by the arrows in the figure). Therefore, the opportunity cost of planting one bulb is removing 5 bags of trash. Hence, the correct answer is B.

Refer to the Figure Below