Consider two individuals, Rose and Sharon, who produce fish and coconuts. Rose and Sharon’s hourly productivity are shown in Table 3.2. Rose’s opportunity cost of producing 1 fish is:
A. 1/3 coconut.
B. 1 1/2 coconuts.
C. 3 coconuts.
D. 6 coconuts.
Answer:C
Consider two individuals, Rose and Sharon, who produce fish and coconuts. Rose and Sharon’s hourly productivity are shown in Table 3.2. Rose’s opportunity cost of producing 1 fish is:
A. 1/3 coconut. B. 1 1/2 coconuts. C. 3 coconuts. D. 6 coconuts.