Jake can complete an oil change in 45 minutes and he can write a poem in 90 minutes. Ming-la can complete an oil change in 30 minutes and she can write a poem in 90 minutes. Jake's opportunity cost of writing a poem is lower than Ming-la's opportunity cost of writing a poem.

Question

Quizplus · Accepted Answer

Jake can complete an oil change in 45 minutes and Ming-la can complete an oil change in 30 minutes. So, Jake's opportunity cost of writing a poem is 45 minutes (the time he could have spent completing an oil change) and Ming-la's opportunity cost of writing a poem is 30 minutes. Therefore, Jake's opportunity cost of writing a poem is lower than Ming-la's opportunity cost of writing a poem.

Jake Can Complete an Oil Change in 45 Minutes and He