Tom can produce 4 paper flowers or 2 tomatoes in one hour. What is his opportunity cost of producing one tomato?
a. 1 paper flower.
b. 2 paper flowers.
c. 3 paper flowers.
d. 4 paper flowers.
e. 1 tomato.
Answer: b. 2 paper flowers.
Tom can produce 4 paper flowers or 2 tomatoes in one hour. What is his opportunity cost of producing one tomato?
a. 1 paper flower.
b. 2 paper flowers.
c. 3 paper flowers.
d. 4 paper flowers.
e. 1 tomato.
Answer: b. 2 paper flowers.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.