Question

Use the following scenario to answer the following questions: Rosa and Dirk produce basketballs and footballs. Rosa can produce six basketballs per hour or two footballs per hour. Dirk can produce three basketballs per hour or four footballs per hour. Based on the scenario, Rosa’s opportunity cost of one basketball is ________ football(s). Group of answer choices eight six four one-third of a one

Answer 1

Answer:

one-third of a one

Explanation:

Opportunity cost refers to the cost of choosing some other alternative over other which means that a person have to sacrifice or foregone something to get something else.

Rosa:

can produce 6 basketballs per hour or 2 footballs per hour

Dirk:

can produce 3 basketballs per hour or 4 footballs per hour

Hence,

Rosa’s opportunity cost of one basketball = (2 ÷ 6)

                                                                = 0.33 football or one - third of a one