Michael and Angelo are both artists who can create sculptures or paintings each day. The following table describes their maximum outputs per day. Use this table to answer the questions that follow.

-What is Angelo's opportunity cost of a painting?
A) 1/3 painting
B) 1/3 sculpture
C) 2/5 sculpture
D) 3 paintings
E) 3 sculptures

Question

Michael and Angelo are both artists who can create sculptures or paintings each day. The following table describes their maximum outputs per day. Use this table to answer the questions that follow.
 
-What is Angelo's opportunity cost of a painting?
A) 1/3 painting 
B) 1/3 sculpture 
C) 2/5 sculpture 
D) 3 paintings 
E) 3 sculptures

Quizplus · Accepted Answer

Opportunity cost is what you give up to get something else. If Angelo's opportunity cost of a painting is 3 sculptures, it means he forgoes making 3 sculptures to create 1 painting.

Michael and Angelo Are Both Artists Who Can Create Sculptures