Figure 3-5 These Graphs Illustrate the Production Possibilities Available for Dancing Shoes

question 104

Multiple Choice

Figure 3-5
These graphs illustrate the production possibilities available for dancing shoes to Fred and Ginger with 40 hours of labour.
-Refer to Figure 3-5. What is the opportunity cost of one pair of tap shoes for Fred?

• A) 1/5 pair of ballet slippers
• B) 1/3 pair of ballet slippers
• C) 3/5 pair of ballet slippers
• D) 5/3 pairs of ballet slippers

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