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 coconut.
B. 1 1/3 coconuts.
C. 3 coconuts.
D. 4 coconuts.
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. Sharon’s opportunity cost of producing 1 fish is:
A. 3/4 coconut. B. 1 1/3 coconuts. C. 3 coconuts. D. 4 coconuts.