Question

Why is the answer C) for both instead of A) if opportunity cost is what you give up over what you make? For question 1 Martha is giving up time making cake to make 1 pie so why would it not be 80/60=4/3 not 3/4? Please explain, thank you in advance.

12) Refer to the table below. Martha's opportunity cost of making of a pie is: Time to Time to Make a Pie Make a Cake 60 minutes 80 minutes 50 minutes 60 minutes Martha Julia 12) A) 4/3 of a cake. B) 80 cakes. C) 3/4 of a cake. D) 8 cakes. 13) Refer to the table below. Martha's opportunity cost of making a cake is: Time to Time to Make a Pie Make a Cake 60 minutes 80 minutes 50 minutes 60 minutes Martha Julia 13) A) 3/4 of a pie. B) 60 pies. C) 4/3 of a pie. D) 6 pies.

Answer 1

ANSWER:

1) Martha opportunity cost of making a pie = 80 / 60 = 4 / 3 of a cake. option a is the right answer.

2) Martha opportunity cost of making a cake = 60 / 80 = 3 / 4 of a pie. option a is the right answer.

The answers for both the parts is a. (please check with your teacher.)