Table 3.1 illustrates Willy and Blythe’s hourly production for apples and carrots. Based on the table, Blythe’s opportunity cost of 1 carrot is:
A. 3 apples.
B. 4 apples.
C. 6 apples.
D. 1.5 apples.
Answer:A
Table 3.1 illustrates Willy and Blythe’s hourly production for apples and carrots. Based on the table, Blythe’s opportunity cost of 1 carrot is:
A. 3 apples. B. 4 apples. C. 6 apples. D. 1.5 apples.