Refer to Table 2.1. For Krystal, the opportunity cost of writing one TV commercial is

A) 1/4 of a poem.
B) 2 poems.
C) 4 poems.
D) 6 poems.

Question

Refer to Table 2.1. For Krystal, the opportunity cost of writing one TV commercial isA)  1/4 of a poem.B)  2 poems.C)  4 poems.D)  6 poems.

Sidhant Agarwal · Accepted Answer

Final Answer : C, Explanation :  The opportunity cost of an action is what you have to give up to take that action. For Krystal, writing 2 TV commercials equals the time it takes to write 8 poems. Therefore, writing 1 TV commercial equals 4 poems, making the opportunity cost of writing one TV commercial 4 poems.

Refer to Table 2.1. For Krystal, the opportunity cost of writing one TV commercial is

A) 1/4 of a poem.
B) 2 poems.
C) 4 poems.
D) 6 poems.

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