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