question archive Karen can make 4 jackets or 18 ties in one day working at the clothing factory
Subject:EconomicsPrice:3.87 Bought7
Karen can make 4 jackets or 18 ties in one day working at the clothing factory. Joe can make 7 jackets or 26 ties in one day working at the clothing factory. What is Karen's opportunity cost of producing 1 jacket? Round your answer to one decimal place. Be sure to enter the correct units for what they are giving up.
Answer
The opportunity cost of karen producing 1 jacket is 4.5 units of tie.
So, karen opportunity cost:-
Opportunity cost of producing one Jacket = 18 tie ÷ 4 Jacket = 4.5 units
So, karen opportunity cost of producing one Jacket is 4.5 units of tie.
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