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 George's opportunity cost of cultivating a garden?

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 George's opportunity cost of cultivating a garden?

Quizplus · Accepted Answer

From the table, we can see that George can either cultivate 1/3 of a garden and mow 2 lawns per day or cultivate 1 garden and mow 0 lawns per day. Therefore, if George chooses to cultivate a garden, his opportunity cost is giving up the 2 lawns he could have mowed, which is choice B.

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