Table 2-8
Table 2-8 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 2-8.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 2-8
  Table 2-8 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 2-8.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 determined by how many statues she could have made instead. If the table indicates that she sacrifices the production of 2 statues to make one bench, then her opportunity cost of making a bench is 2 statues.

Table 2-8 Table 2-8 Shows the Output Per Month of Month