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Figure 3-5 These Graphs Illustrate the Production Possibilities Available for Dancing Shoes

Question 55

Multiple Choice

Figure 3-5
These graphs illustrate the production possibilities available for dancing shoes to Fred and Ginger with 40 hours of labour. Figure 3-5 These graphs illustrate the production possibilities available for dancing shoes to Fred and Ginger with 40 hours of labour.   -Refer to Figure 3-5. What is the opportunity cost of one pair of ballet slippers for Ginger? A)  1/4 pair of tap shoes B)  1/3 pair of tap shoes C)  3/4 pair of tap shoes D)  4/3 pairs of tap shoes
-Refer to Figure 3-5. What is the opportunity cost of one pair of ballet slippers for Ginger?


A) 1/4 pair of tap shoes
B) 1/3 pair of tap shoes
C) 3/4 pair of tap shoes
D) 4/3 pairs of tap shoes

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