Cassandra and Jim can make either sushi or wine or some combination of both.Each have eight hours to work.In her eight hours Cassandra can make 24 sushi rolls or 8 litres of wine (or some combination, if she splits her time) .Jim can make either 16 sushi rolls or 4 litres of wine (or some combination) .Which statement is true?
A) Cassandra's opportunity cost of making a sushi roll is 3 litres of wine; Jim's opportunity cost of making a sushi roll is forgoing ¼ a litre of wine.
B) Cassandra's opportunity cost of making a sushi roll is a litre of wine; Jim's opportunity cost of making a sushi roll is forgoing 4 litres of wine.
C) Cassandra's opportunity cost of making a sushi roll is 2 litres of wine; Jim's opportunity cost of making a sushi roll is forgoing 8 litres of wine.
D) Cassandra's opportunity cost of making a sushi roll is 1/3 a litre of wine; Jim's opportunity cost of making a sushi roll is forgoing ¼ a litre of wine.
E) None of the above.
Correct Answer:
Verified
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