Question

If u were originally making 5 batches of just one kind of cookie. What would the opportunity cost be if you decided to make 2 batches of the other kind

Answer 1

Answer: The opportunity cost is three. The opportunity benefit is that there is more of a variety for your economics class.

Explanation: 5-2=3

Answer 2

Answer: 3

Explanation: The opportunity cost could be explained as, the opportunity or potential opportunity lost as a result of choosing a certain alternative over the other.

Number of initial batches made from one kind of cookie = 5

Number of batches he's now made from another kind of cookies ;

The opportunity cost is thus :

(5 - 2) = 3