Figure 3-5
These graphs illustrate the production possibilities available for dancing shoes to Fred and Ginger with 40 hours of labour.
-Refer to Figure 3-5. What is the opportunity cost of one pair of ballet slippers for Ginger?
A) 1/4 pair of tap shoes
B) 1/3 pair of tap shoes
C) 3/4 pair of tap shoes
D) 4/3 pairs of tap shoes

Question

Figure 3-5
These graphs illustrate the production possibilities available for dancing shoes to Fred and Ginger with 40 hours of labour. 
-Refer to Figure 3-5. What is the opportunity cost of one pair of ballet slippers for Ginger?
A) 1/4 pair of tap shoes 
B) 1/3 pair of tap shoes 
C) 3/4 pair of tap shoes 
D) 4/3 pairs of tap shoes

Quizplus · Accepted Answer

The Answer of Figure 3-5
These graphs illustrate the production possibilities available for dancing shoes to Fred and Ginger with 40 hours of labour. 
-Refer to Figure 3-5. What is the opportunity cost of one pair of ballet slippers for Ginger?
A) 1/4 pair of tap shoes 
B) 1/3 pair of tap shoes 
C) 3/4 pair of tap shoes 
D) 4/3 pairs of tap shoes

Figure 3-5 These Graphs Illustrate the Production Possibilities Available for Dancing Shoes