asked 48.5k views
2 votes
Alan and Brian work at a baseball and softball manufacturing plant. Alan can produce either 10 baseballs or 4 softballs in an hour. Brian can produce either 8 baseballs or 2 softballs in an hour. According to Scenario 1.1, the opportunity cost for Brian to produce 1 softball is

1 Answer

2 votes

Answer:

4 baseballs

Step-by-step explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If brain decides to produce softballs, he would be forgoing the opportunity to produce baseballs. The opportunity cost of producing one softball is : 8/2 = 4 baseballs

I hope my answer helps you

answered
User DizzyDoo
by
8.9k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.