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In an Eight-Hour Day,Andy Can Produce Either 24 Loaves of Bread

Question 143

Multiple Choice

In an eight-hour day,Andy can produce either 24 loaves of bread or 8 pounds of butter.In an eight-hour day,John can produce either 8 loaves of bread or 8 pounds of butter.The opportunity cost of producing 1 pound of butter is


A) 1/3 hour for Andy and 1 hour for John.
B) 1 hour for Andy and 1 hour for John.
C) 3 loaves of bread for Andy and 1 loaf of bread for John.
D) 1/3 loaves of bread for Andy and 1 loaf of bread for John.
E) none of the above

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