In one week,Mohammed can knit 5 sweaters or bake 240 cookies.In one week,Aisha can knit 15 sweaters or bake 480 cookies.Aisha's opportunity cost of baking one cookie is:

A) 5 sweaters.
B) 15 sweaters.
C) 32 sweaters.
D) 1/32 of a sweater.
E) 480 sweaters.

Question

Jalaydrian Johnson · Accepted Answer

Final Answer : D, Explanation :  Aisha's opportunity cost of baking one cookie is the amount of sweaters she could have knitted in the time it takes to bake 1 cookie.From the information given, we know that Aisha can knit 15 sweaters or bake 480 cookies in one week. Therefore, to find the opportunity cost of baking one cookie, we can set up a proportion:15 sweaters / 480 cookies = x sweaters / 1 cookieSolving for x, we get:x = (15/480) sweaters per cookiex = 1/32 of a sweater per cookieTherefore, the answer is D, Aisha's opportunity cost of baking one cookie is 1/32 of a sweater.As for the best choice, it depends on the context and what the goal is. If the goal is to maximize the number of sweaters produced, Mohammed should focus on knitting sweaters since he can produce 5 in a week, while Aisha should focus on baking cookies since she can produce 480 in a week. If the goal is to minimize opportunity cost, Mohammed should focus on knitting since his opportunity cost of knitting one sweater is lower (1/5 of baking 240 cookies), while Aisha should focus on baking since her opportunity cost of baking one cookie is lower (1/32 of knitting 15 sweaters).

In one week,Mohammed can knit 5 sweaters or bake 240 cookies.In one week,Aisha can knit 15 sweaters or bake 480 cookies.Aisha's opportunity cost of baking one cookie is:

A) 5 sweaters.
B) 15 sweaters.
C) 32 sweaters.
D) 1/32 of a sweater.
E) 480 sweaters.

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Learning Objectives

Related questions

In one week,Mohammed can knit 5 sweaters or bake 240 cookies.In one week,Aisha can knit 15 sweaters or bake 480 cookies.Aisha's opportunity cost of baking one cookie is:A) 5 sweaters.B) 15 sweaters.C) 32 sweaters.D) 1/32 of a sweater.E) 480 sweaters.

Definitions

Learning Objectives

Learning Objectives

Related questions

In one week,Mohammed can knit 5 sweaters or bake 240 cookies.In one week,Aisha can knit 15 sweaters or bake 480 cookies.Aisha's opportunity cost of baking one cookie is:

A) 5 sweaters.
B) 15 sweaters.
C) 32 sweaters.
D) 1/32 of a sweater.
E) 480 sweaters.