Multiple Choice
Figure 3-10
Alice and Betty's Production Possibilities in one 8-hour day.
-Refer to Figure 3-10.What are Alice and Betty's opportunity costs of 1 pitcher of lemonade?
A) Alice's opportunity cost of 1 pitcher of lemonade is 1/2 of a pizza and Betty's opportunity cost of 1 pitcher of lemonade is 2/3 of a pizza.
B) Alice's opportunity cost of 1 pitcher of lemonade is 2 pizzas and Betty's opportunity cost of 1 pitcher of lemonade is 1.5 pizzas.
C) Alice's opportunity cost of 1 pitcher of lemonade is 10 pizzas and Betty's opportunity cost of 1 pitcher of lemonade is 10 pizzas.
D) Alice's opportunity cost of 1 pitcher of lemonade is 200 pizzas and Betty's opportunity cost of 1 pitcher of lemonade is 300 pizzas.
Correct Answer:
Verified
Correct Answer:
Verified
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