Ask Question
31 August, 14:18

Mark can produce 6 guitars in a month and Katie can produce 5 guitars in a month. Also, Mark can produce 8 banjos in a month and Katie can produce 2 banjos in a month. What is Katie's opportunity cost of producing 30 guitars?

+2
Answers (1)
  1. 31 August, 15:22
    0
    12 banjos

    Explanation:

    It will take 6 month for Katie to produce 30 Guitars, in that time she would forgive 12 banjos, so, 12 banjos is opportunity cost for Katie.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Mark can produce 6 guitars in a month and Katie can produce 5 guitars in a month. Also, Mark can produce 8 banjos in a month and Katie can ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers