Question

Bryce and Tina are artisans who produce homemade candles and soap. The table to the right lists the number of candles and bars of soap Bryce and Tina can each produce in one month. Candles 150 Soap 450 Bryce Tina Tina 200 200 1 450 450 Select the statement that accurately interprets the data in the table. O A. Tina has a greater opportunity cost than Bryce for making candles. O B. Bryce has a greater opportunity cost than Tina for making candles. O C. Bryce's opportunity cost for making candles and making soap are both greater than Tina's. OD. Bryce's opportunity cost for making candles is less than Tina's.

Answer 1

Q1. Option A. From the below table we can observe that Tina has lower opportunity cost in production of candles than Bryce, hence Tina gains greater opportunity cost

	Candles	Soap	Opportunity cost of Candles = no of soaps to be forgone	Opportunity cost of Soap = no of candles to be forgone
Bryce	150	450	3.00	0.33
Tina	200	450	2.25	0.44

Q2. Option D

The results dictator game were against to the belief that the allocator has complete control over the allocation and would not allocate to the recipient as the recipient has no control on the decision and has to receive. So there exists some motive for human actions other than self-interest