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

Larry sells 10 cars and 5 trucks, so the opportunity cost of selling one truck is the number of cars he could have sold instead. For Larry, selling 5 trucks means he sells 10 cars, so the opportunity cost of selling one truck is 10/5 = 2 fewer cars sold.

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