3. In one week, Mohammed can knit 5 sweaters or bake 240 cookies

ECONOMICS

Multiple Choice

In one week, Mohammed can knit 5 sweaters or bake 240 cookies. The opportunity cost per cookie for Mohammed is

a.$5

b.5 sweaters

c.48 sweaters

d.1/48 of a sweater

e.48 cookies

Click here for the SOLUTION