Table 2-19
Table 2-19 shows the output per month of two people, Wilma and Betty. They can either devote their time to making marble statues or making marble benches.
-Refer to Table 2-19. What is Wilma's opportunity cost of making a statue?
A) 1/3 of a bench
B) 3 benches
C) 6/7 of a statue
D) 1/2 of a bench

Question

Table 2-19
  Table 2-19 shows the output per month of two people, Wilma and Betty. They can either devote their time to making marble statues or making marble benches.
-Refer to Table 2-19. What is Wilma's opportunity cost of making a statue?
A) 1/3 of a bench 
B) 3 benches 
C) 6/7 of a statue 
D) 1/2 of a bench

Quizplus · Accepted Answer

Wilma can make 3 benches or 7 statues in the same amount of time. So, the opportunity cost of making a statue is 1/3 of a bench.

Table 2-19 Table 2-19 Shows the Output Per Month of Month