Opportunity Cost Answers

Based on what you have read, if Jasmine works at the supermarket, what is her opportunity cost?

500 doughnuts70 bagels100 croissants

30 4060

100 doughnuts140 bagels 70 doughnuts

On Day 3, Raj makes 50 more croissants than on Day 2. What is the opportunity cost of producing fifty more croissants?[___]

In one hour of work, Raj can make 60 doughnuts or 20 croissants.

120 80 40

30 4060

Based on what you have read, what is the opportunity cost of the glass-making company’s decision?

A company that produces gold-plated baseballs and baseball bats only makes a total of 25 items per year, in any combination.Which point on the graph indicates that the company is making an equal number of baseballs and bats?

Study the graph again. If the company produces twenty bats, what is the maximum number of balls it can produce?

Imagine that the company invented a machine that would double the production of baseballs and bats.In such a case, what would happen to the curve in the graph?

1020 30

Based on what you have read, if Jasmine works at the supermarket, what is her opportunity cost?

Based on what you have read, what is the opportunity cost of the glass-making company’s decision?

A company that produces gold-plated baseballs and baseball bats only makes a total of 25 items per year, in any combination.Which point on the graph indicates that the company is making an equal number of baseballs and bats?

Study the graph again. If the company produces twenty bats, what is the maximum number of balls it can produce?

Imagine that the company invented a machine that would double the production of baseballs and bats.In such a case, what would happen to the curve in the graph?

120 80 40

On Day 2, Raj makes 70 more bagels than on Day 1. What is the opportunity cost of producing 70 more bagels?[___]