Scenario: with Her Available Resources, Wendy Can Produce 20 Greeting

question 217

Multiple Choice

Scenario: With her available resources, Wendy can produce 20 greeting cards or 10 earrings. Sarah, with the resources she has, can produce 5 greeting cards or 15 earrings.
-Refer to the scenario above.What is Sarah's opportunity cost of producing one greeting card?

• A) 0.33 earrings
• B) 0.5 earrings
• C) 1 earring
• D) 3 earrings

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Definitions:

Shell-brand Gasoline

A type of fuel sold under the Shell brand name, which is a global group of energy and petrochemical companies.

Heating Oil

A low viscosity, liquid petroleum product used as a fuel oil for furnaces or boilers in buildings.

Consumer

An individual or group who purchases goods and services for personal use.

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