Refer to the information provided in Table 2.1 below to answer the following question(s).
Table 2.1
$$\begin{array} { | c | c | c | }
\hline & \text { Krystal } & \text { Mark } \
\hline \text { Writing Poerss } & 8 & 12 \
\hline \text { Writing TV Cornnercials } & 2 & 4 \
\hline
\end{array}$$
-Refer to Table 2.1. For Krystal, the opportunity cost of writing one TV commercial is
A) 1/4 of a poem.
B) 2 poems.
C) 4 poems.
D) 6 poems.

Question

Refer to the information provided in Table 2.1 below to answer the following question(s).
Table 2.1
 $$\begin{array} { | c | c | c | } 
\hline & \text { Krystal } & \text { Mark } \
\hline \text { Writing Poerss } & 8 & 12 \
\hline \text { Writing TV Cornnercials } & 2 & 4 \
\hline
\end{array}$$
-Refer to Table 2.1. For Krystal, the opportunity cost of writing one TV commercial is
A) 1/4 of a poem.
B) 2 poems.
C) 4 poems.
D) 6 poems.

Quizplus · Accepted Answer

The opportunity cost of an action is what you have to give up to take that action. For Krystal, writing 2 TV commercials equals the time it takes to write 8 poems. Therefore, writing 1 TV commercial equals 4 poems, making the opportunity cost of writing one TV commercial 4 poems.

Refer to the Information Provided in Table 2 -Refer to Table 2