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,Jager's opportunity cost of one truck is ________ car(s).

Question

Quizplus · Accepted Answer

Jager's opportunity cost of producing one truck is the number of cars he could have produced instead. Since Jager can produce 12 cars per hour or 4 trucks per hour, the opportunity cost of one truck is 12 cars / 4 trucks = 3 cars.

Use the Following Scenario to Answer the Following Questions