Solved

Table 7-1 Rob Crusoe and Bill Friday Spent Their Week-Long

Question 8

Multiple Choice

Table 7-1
Table 7-1    Rob Crusoe and Bill Friday spent their week-long vacation on a desert island where they had to find and prepare their own food.Rob and Bill spent one day each fishing and picking berries.The table lists the pounds of output Rob and Bill produced. -Refer to Table 7-1.Use the table above to select the statement that accurately interprets the data in the table. A) Bill has a greater opportunity cost than Rob for picking berries. B) Bill's opportunity cost for catching fish is less than Rob's. C) Rob has a greater opportunity cost than Bill for picking berries. D) Bill's opportunity cost for picking berries and catching fish are both greater than Rob's. Rob Crusoe and Bill Friday spent their week-long vacation on a desert island where they had to find and prepare their own food.Rob and Bill spent one day each fishing and picking berries.The table lists the pounds of output Rob and Bill produced.
-Refer to Table 7-1.Use the table above to select the statement that accurately interprets the data in the table.


A) Bill has a greater opportunity cost than Rob for picking berries.
B) Bill's opportunity cost for catching fish is less than Rob's.
C) Rob has a greater opportunity cost than Bill for picking berries.
D) Bill's opportunity cost for picking berries and catching fish are both greater than Rob's.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions