If Francois spends all of his time cooking, he is able to cook 40 hamburgers or 60 hotdogs an hour.   What is his opportunity cost of cooking 1 hamburger? ____ hotdogs   What is his opportunity cost of cooking 1 hotdog?_____ hamburgers

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter2: Economic Tools And Economic Systems
Section: Chapter Questions
Problem 3.6P
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If Francois spends all of his time cooking, he is able to cook 40 hamburgers or 60 hotdogs an hour.

 

What is his opportunity cost of cooking 1 hamburger? ____ hotdogs

 

What is his opportunity cost of cooking 1 hotdog?_____ hamburgers

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