Saturday, July 2, 2011

Helen gives up the opportunity to bake 40 cakes for each room she paints; Josh can paint one room in the time it takes him to bake 60 cakes

ECONOMICS

Multiple Choice

Helen gives up the opportunity to bake 40 cakes for each room she paints; Josh can paint one room in the time it takes him to bake 60 cakes. The opportunity cost of a cake for Helen is

a. painting one room

b. painting 1/40 of a room

c. painting 1/60 of a room

d. painting 2/3 of a room

e. painting 3/2 of a room

Click here for the SOLUTION

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