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 coconut is:
A. 3/4 fish.
B. 1 1/3 fish.
C. 3 fish.
D. 4 fish.
Answer:B
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 coconut is:
A. 3/4 fish. B. 1 1/3 fish. C. 3 fish. D. 4 fish.