Table 2-4
Table 2-4 shows the output per day of two gardeners,George and Jack.They can either devote their time to mowing lawns or cultivating gardens.
-Refer to Table 2-4.What is Jack's opportunity cost of mowing a lawn?

Question

Table 2-4
  Table 2-4 shows the output per day of two gardeners,George and Jack.They can either devote their time to mowing lawns or cultivating gardens.
-Refer to Table 2-4.What is Jack's opportunity cost of mowing a lawn?

Quizplus · Accepted Answer

From the table, we can see that if Jack mows a lawn, he can cultivate only 2/3 of a garden. This is his opportunity cost of mowing a lawn.

As for the best choice(s), it would depend on their individual goals and preferences. If they want to maximize the number of lawns mowed, they should choose the activity with the higher output per day, which is mowing for both George and Jack. If they want to cultivate as many gardens as possible, they should choose the activity with the higher output per day, which is cultivating for both George and Jack. If they have a specific ratio of lawns mowed to gardens cultivated that they want to maintain, they should allocate their time accordingly.

Table 2-4 Table 2-4 Shows the Output Per Day of Day