Multiple Choice
Table 3-33
Chris and Tony's Production Opportunities
-Refer to Table 3-33 Chris and Tony both produce tomatoes and pasta sauce. The table shows their possible production per month if both work the same number of 8 hour days. Given this information, Chris's opportunity cost of 1 lb. of tomatoes is
A) 2 jars of sauce and Tony's opportunity cost of 1 lb. of tomatoes is 3 jars of sauce.
B) 3 jars of sauce and Tony's opportunity cost of 1 lb. of tomatoes is 2 jars of sauce.
C) 20 jars of sauce and Tony's opportunity cost of 1 lc. of tomatoes is 30 jars of sauce.
D) 30 jars of sauce and Tony's opportunity cost of 1 lb. of tomatoes is 20 jars of sauce.
Correct Answer:

Verified
Correct Answer:
Verified
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