In one hour, Francis can read 10 pages of an economics textbook or read 20 pages of an accounting textbook. Francis' opportunity cost of reading a page of accounting is 2 pages of economics.

Question

Quizplus · Accepted Answer

Francis' opportunity cost of reading a page of accounting is 0.5 pages of economics, because for every page of accounting read, Francis gives up reading half a page of economics (10 pages of economics / 20 pages of accounting = 0.5).

In One Hour, Francis Can Read 10 Pages of an Economics