Question

acquelyn	Jacquelyn	Jose	Jose
Apples	Cherries	Apples	Cherries
​(Baskets)	​(Baskets)	​(Baskets)	​(Baskets)
40	0	60	0
20	10	30	25
0	20	0	50

Which of the following best describes the opportunity cost​ (OC) for Jacquelyn and​ Jose? (ANSWER BELOW THE​ TABLES)

A.

A

B.

B

C.

C

D.

D

Answer 1

For every 20 basket decrease in apples, cherries increase by 10 baskets for Jacquelyn.

Her opportunity cost of producing apples = 10/20 =0.5 baskets of cherries.

Her opportunity cost of producing cherries =20/10 2 baskets of apples.

For every 25 basket increase in cherry production, apple production falls by 30 basket for Jose.

Jose's opportunity cost of producing apples = 25/30 =5/6 baskets of cherries.

Jose's opportunity cost of producing cherries = 30/25 =6/5 baskets of apples.