Use the following scenario to answer the following questions:
Karl and Jager produce cars and trucks.Karl can produce 10 cars per hour or 5 trucks per hour.Jager can produce 12 cars per hour or 4 trucks per hour.
-Based on the scenario,Karl's opportunity cost of one car is ________ truck(s).

Question

Quizplus · Accepted Answer

Karl's opportunity cost of one car is the number of trucks he could have produced in the same amount of time. Since he can produce 10 cars per hour or 5 trucks per hour, his opportunity cost of one car is 0.5 trucks or one-half of a truck.
 
Answer: Jager is the best choice for producing cars, while Karl is the best choice for producing trucks. This is because Jager can produce 12 cars per hour compared to Karl's 10 cars per hour, while Karl can produce 5 trucks per hour compared to Jager's 4 trucks per hour. Therefore, Jager is more efficient at producing cars, and Karl is more efficient at producing trucks.

Use the Following Scenario to Answer the Following Questions