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,Esther's opportunity cost of one hamburger is ________ hot dog(s).

Question

Quizplus · Accepted Answer

Esther's opportunity cost of one hamburger is the number of hot dogs she could produce in the same amount of time. Since she can produce 6 hamburgers per hour or 4 hot dogs per hour, her opportunity cost of one hamburger is 4/6, which simplifies to two-thirds of a hot dog.

Answer: It depends on the goal. 
 Depending on the goal, either Esther or Ebenezer may be the better choice. If the goal is to produce as many hamburgers as possible, Esther would be the better choice because she can produce 6 hamburgers per hour compared to Ebenezer's 3 hamburgers per hour. If the goal is to produce as many hot dogs as possible, Ebenezer would be the better choice because he can produce 1 hot dog per hour compared to Esther's 4 hot dogs per hour.

Use the Following Scenario to Answer the Following Questions