Opportunity Cost Answers

Based on what you have read, if Jasmine works at the supermarket, what is her opportunity cost?

500 doughnuts✔ 70 bagels100 croissants

30 40✔ 60

100 doughnuts140 bagels 70 doughnuts

1020 30

Based on what you have read, what is the opportunity cost of the glass-making company’s decision?

A company that produces gold-plated baseballs and baseball bats only makes a total of 25 items per year, in any combination.Which point on the graph indicates that the company is making an equal number of baseballs and bats?

Study the graph again. If the company produces twenty bats, what is the maximum number of balls it can produce?

Imagine that the company invented a machine that would double the production of baseballs and bats.In such a case, what would happen to the curve in the graph?

Based on what you have read, if Jasmine works at the supermarket, what is her opportunity cost?

Based on what you have read, what is the opportunity cost of the glass-making company’s decision?

✔ 100 doughnuts140 bagels 70 doughnuts

In one hour of work, Raj can make 60 doughnuts or 20 croissants.

A company that produces gold-plated baseballs and baseball bats only makes a total of 25 items per year, in any combination.Which point on the graph indicates that the company is making an equal number of baseballs and bats?

Imagine that the company invented a machine that would double the production of baseballs and bats.In such a case, what would happen to the curve in the graph?

✔ 120 80 40

In one hour of work, Raj can make 60 doughnuts or 20 croissants.