Table 9-1

Linda and Sandy own The Preppy Puppy, a dog grooming business. Table 9-1 lists the number of dogs Linda and Sandy can each bathe and groom in one week.
-Refer to Table 9-1.Select the statement that accurately interprets the data in the table.
A)Sandy has a greater opportunity cost than Linda for dog grooming.
B)Sandy's opportunity cost for dog grooming is less than Linda's.
C)Linda has a greater opportunity cost than Sandy for dog bathing.
D)Sandy's opportunity cost for dog grooming and dog bathing are both greater than Linda's.

Question

Table 9-1
  
Linda and Sandy own The Preppy Puppy, a dog grooming business. Table 9-1 lists the number of dogs Linda and Sandy can each bathe and groom in one week.
-Refer to Table 9-1.Select the statement that accurately interprets the data in the table.
A)Sandy has a greater opportunity cost than Linda for dog grooming. 
B)Sandy's opportunity cost for dog grooming is less than Linda's. 
C)Linda has a greater opportunity cost than Sandy for dog bathing. 
D)Sandy's opportunity cost for dog grooming and dog bathing are both greater than Linda's.

Quizplus · Accepted Answer

Opportunity cost is the value of the next best alternative that must be given up in order to pursue a certain action. Based on the table, Sandy can groom 4 dogs or bathe 10 dogs in a week, while Linda can groom 2 dogs or bathe 6 dogs in a week. Therefore, Sandy has a lower opportunity cost for dog grooming since she can groom more dogs than Linda in the same amount of time.

Table 9-1 Linda and Sandy Own the Preppy Puppy, a Dog Grooming