Dent 'n' Scratch Used Cars and Trucks employs 3 salesmen.Data for their sales last month are shown in this table: $$\begin{array} { | l | l | l | }
\hline & \text { Cars Sold } & \text { Trucks Sold } \
\hline \text { Larry } & 10 & 5 \
\hline \text { Joe } & 9 & 9 \
\hline \text { Ralph } & 3 & 12 \
\hline
\end{array}$$
For Larry,the opportunity cost of selling a truck is:

Question

Dent 'n' Scratch Used Cars and Trucks employs 3 salesmen.Data for their sales last month are shown in this table: $$\begin{array} { | l | l | l | } 
\hline & \text { Cars Sold } & \text { Trucks Sold } \
\hline \text { Larry } & 10 & 5 \
\hline \text { Joe } & 9 & 9 \
\hline \text { Ralph } & 3 & 12 \
\hline
\end{array}$$
For Larry,the opportunity cost of selling a truck is:

Quizplus · Accepted Answer

The opportunity cost of selling a truck for Larry is the number of cars he could have sold instead. Larry sold 10 cars and 5 trucks, so for each truck sold, he could have sold 2 cars (10 cars / 5 trucks = 2 cars per truck).

Dent 'N' Scratch Used Cars and Trucks Employs 3 Salesmen