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Question
Table 9-3| Candles | Soap | |
| Bryce | 150 | 450 |
| Tina | 200 | 450 |
Bryce and Tina are artisans who produce homemade candles and soap. Table 9-3 lists the number of candles and bars of soap Bryce and Tina can each produce in one month.
Refer to Table 9-3. Select the statement that accurately interprets the data in the table.
A) Bryce has a greater opportunity cost than Tina for making candles.
B) Bryce's opportunity cost for making candles is less than Tina's.
C) Tina has a greater opportunity cost than Bryce for making candles.
D) Bryce's opportunity cost for making candles and making soap are both greater than Tina's.
Answer
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Which of the following would be categorized as an opportunity cost?
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A) a only
B) a and c only
C) b and c only
D) all of the above