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

Question 175

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 Fred? A) 1/5 pair of tap shoes B) 1/3 pair of tap shoes C) 3/5 pair of tap shoes D) 5/3 pairs of tap shoes
-Refer to Figure 3-5. What is the opportunity cost of one pair of ballet slippers for Fred?


A) 1/5 pair of tap shoes
B) 1/3 pair of tap shoes
C) 3/5 pair of tap shoes
D) 5/3 pairs of tap shoes

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