John can produce 20 shoes or 200 shirts. Mike can produce 100 shoes or 200 shirts. What is John's opportunity cost for 1 shoe in terms of shirts given up?

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asked Jul 14, 2021 42.9k views

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Roger Fernandez Guri · Answer 1 · 2021-07-19T15:22:45+0000

I believe the answer is 10 shoes would be given up, if you have 20/20 gives you 1 shoe, so you also have to divide 200 by 20 which would give you 10 shirts.

John can produce 20 shoes or 200 shirts. Mike can produce 100 shoes or 200 shirts. What is John's opportunity cost for 1 shoe in terms of shirts given up?

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