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Scenario: with Her Available Resources, Wendy Can Produce 20 Greeting

Question 100

Multiple Choice

Scenario: With her available resources, Wendy can produce 20 greeting cards or 10 earrings. Sarah, with the resources she has, can produce 5 greeting cards or 15 earrings.
-Refer to the scenario above.What is Wendy's opportunity cost of producing 1 greeting card?


A) 0.25 earrings
B) 0.5 earrings
C) 1 earring
D) 2 earrings

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