Use the following scenario to answer the following questions:
Esther and Ebenezer produce hamburgers and hot dogs.Esther can produce six hamburgers per hour or four hot dogs per hour.Ebenezer can produce three hamburgers per hour or one hot dog per hour.
-Based on the scenario,Ebenezer's opportunity cost of one hot dog is ________ hamburgers.

Question

Quizplus · Accepted Answer

Ebenezer's opportunity cost of producing one hot dog is the amount of hamburgers he could have produced instead. Since he can produce three hamburgers per hour or one hot dog per hour, the opportunity cost of one hot dog is three hamburgers.

Use the Following Scenario to Answer the Following Questions