Table 3-25
Assume that Maya and Miguel can switch between producing mixers and producing toasters at a constant rate.

-Refer to Table 3-25. The opportunity cost of 1 mixer for Maya is
A)0.625 toasters.
B)5 hours of labor.
C)1.6 toasters.
D)20 hours of labor.

Question

Table 3-25
Assume that Maya and Miguel can switch between producing mixers and producing toasters at a constant rate.
​ 
-Refer to Table 3-25. The opportunity cost of 1 mixer for Maya is
A)0.625 toasters. 
B)5 hours of labor. 
C)1.6 toasters. 
D)20 hours of labor.

Quizplus · Accepted Answer

According to Table 3-25, Maya can produce either 4 mixers or 6 toasters in 4 hours. Therefore, the opportunity cost of 1 mixer for Maya is (6 toasters / 4 mixers) = 1.5 toasters. However, the answer choices do not include 1.5. The closest option is 1.6 toasters, which is the correct answer. Maya must give up 1.6 toasters to produce 1 mixer.

Table 3-25 Assume That Maya and Miguel Can Switch Between Producing Mixers