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1. Bill decided to buy six books on history instead

of four books on politics. It follows, then, that

the opportunity cost of each history book was ______

books on politics.

User Ayushya
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1 Answer

7 votes

Answer: 2/3 books on politics

Explanation:

The opportunity cost of something is the next best alternative that you would have taken if you did not instead go for the option that you took.

Opportunity cost here is the number of books on politics that Bill had to give up to get a single book on history.

= Number of politics books / Number of history books

= 4 / 6

= 2/3 books on politics

Bill gave up 2/3 books on politics to get a single history book.

User Kenston Choi
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