Consider two individuals, Rose and Sharon, who produce fish and coconuts. Rose and Sharon’s hourly productivity are shown in Table 3.2. Rose’s opportunity cost of producing 1 coconut is:
A. 1/3 fish.
B. 1 1/2 fish.
C. 3 fish.
D. 6 fish.
Answer:A
Consider two individuals, Rose and Sharon, who produce fish and coconuts. Rose and Sharon’s hourly productivity are shown in Table 3.2. Rose’s opportunity cost of producing 1 coconut is:
A. 1/3 fish. B. 1 1/2 fish. C. 3 fish. D. 6 fish.