205k views
5 votes
Mark can produce 6 guitars in a month and Katie can produce 5 guitars in a month. Also, Mark can produce 8 banjos in a month and Katie can produce 2 banjos in a month. What is Katie’s opportunity cost of producing 30 guitars?

User Jacob Wang
by
8.8k points

1 Answer

4 votes

Answer:

12 banjos

Step-by-step explanation:

It will take 6 month for Katie to produce 30 Guitars, in that time she would forgive 12 banjos, so, 12 banjos is opportunity cost for Katie.

User Iksajotien
by
9.5k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories