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 Betty's opportunity cost of making a bench?
A) 1/2 of a statue
B) 2 statues
C) 1.75 benches
D) 2.8 statues

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 Betty's opportunity cost of making a bench?
A) 1/2 of a statue 
B) 2 statues 
C) 1.75 benches 
D) 2.8 statues

Quizplus · Accepted Answer

Betty's opportunity cost of making a bench is the number of statues she could have made instead. If she can make 2 statues in the time it takes to make 1 bench, her opportunity cost is 2 statues.

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