Table 3.1 illustrates Willy and Blythe’s hourly production for apples and carrots. Based on the table, Willy’s opportunity cost of 1 apple is:
A. 1 carrot.
B. 2/3 carrot.
C. 4 carrots.
D. 6 carrots.
Answer:B
Table 3.1 illustrates Willy and Blythe’s hourly production for apples and carrots. Based on the table, Willy’s opportunity cost of 1 apple is:
A. 1 carrot. B. 2/3 carrot. C. 4 carrots. D. 6 carrots.