question archive Karen can make 4 jackets or 18 ties in one day working at the clothing factory

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. 

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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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