Table 3.2
-Consider two individuals,Rose and Sharon,who produce fish and coconuts.Rose and Sharon's hourly productivity are shown in Table 3.2.Sharon's opportunity cost of producing 1 fish is
A) 3/4 of a coconut.
B) 1 1/3 coconuts.
C) 3 coconuts.
D) 4 coconuts.

Question

Table 3.2
-Consider two individuals,Rose and Sharon,who produce fish and coconuts.Rose and Sharon's hourly productivity are shown in Table 3.2.Sharon's opportunity cost of producing 1 fish is
A) 3/4 of a coconut. 
B) 1 1/3 coconuts. 
C) 3 coconuts. 
D) 4 coconuts.

Quizplus · Accepted Answer

Sharon's opportunity cost of producing 1 fish is 3/4 of a coconut. This is because she can produce 3 coconuts per hour, and if she produces 1 fish instead, she gives up the opportunity to produce 3/4 of a coconut.

Table 3.2 -Consider Two Individuals,Rose and Sharon,who Produce Fish and Coconuts.Rose and Coconuts.Rose