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-Agnes Can Produce Either 1 Unit of X or 1

Question 425

Multiple Choice

  -Agnes can produce either 1 unit of X or 1 unit of Y in an hour, while Brenda can produce either 2 units of X or 4 units of Y in an hour. The opportunity cost of producing a unit of Y is A)  1 unit of X per unit of Y for Agnes and 2 units of X per unit of Y for Brenda. B)  1 unit of X per unit of Y for Agnes and 1/2 unit of X per unit of Y for Brenda. C)  1 hour for Agnes and 1/2 hour for Brenda. D)  1 hour for Agnes and 2 hours for Brenda.
-Agnes can produce either 1 unit of X or 1 unit of Y in an hour, while Brenda can produce either 2 units of X or 4 units of Y in an hour. The opportunity cost of producing a unit of Y is


A) 1 unit of X per unit of Y for Agnes and 2 units of X per unit of Y for Brenda.
B) 1 unit of X per unit of Y for Agnes and 1/2 unit of X per unit of Y for Brenda.
C) 1 hour for Agnes and 1/2 hour for Brenda.
D) 1 hour for Agnes and 2 hours for Brenda.

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