Your friend Sam has been asked to prepare appetizers for the university reception. She has anunlimited amount of ingredients and 6 hours inwhich to prepare them. Sam can make 300 minisandwiches or 150 servings of melon slices toppedwith smoked salmon and a dab of sauce per hour.[LO 2.1]a. What is Sam’s opportunity cost of makingone mini-sandwich?b. What is Sam’s opportunity cost of baking onemelon appetizer?c. Suppose the reception has been postponed,and Sam has an extra 4 hours to prepare.What is the opportunity cost of making onemini-sandwich now?d. Suppose the reception has been postponed,and Sam has an extra 4 hours to prepare.What is the opportunity cost of making onemelon appetizer now?e. Suppose Sam’s friend Chris helpsby preparing the melon slices, increasingSam’s productivity to 300 mini-sandwichesor 300 melon appetizers per hour. What isthe opportunity cost of making one minisandwich now?f. Suppose Sam’s friend Chris helps by preparing the melon slices, increasing Sam’sproductivity to 300 mini-sandwiches or300 melon appetizers per hour. What isthe opportunity cost of making one melonappetizer now?
Your friend Sam has been asked to prepare appetizers for the university reception. She has an
unlimited amount of ingredients and 6 hours in
which to prepare them. Sam can make 300 minisandwiches or 150 servings of melon slices topped
with smoked salmon and a dab of sauce per hour.
[LO 2.1]
a. What is Sam’s
one mini-sandwich?
b. What is Sam’s opportunity cost of baking one
melon appetizer?
c. Suppose the reception has been postponed,
and Sam has an extra 4 hours to prepare.
What is the opportunity cost of making one
mini-sandwich now?
d. Suppose the reception has been postponed,
and Sam has an extra 4 hours to prepare.
What is the opportunity cost of making one
melon appetizer now?
e. Suppose Sam’s friend Chris helps
by preparing the melon slices, increasing
Sam’s productivity to 300 mini-sandwiches
or 300 melon appetizers per hour. What is
the opportunity cost of making one minisandwich now?
f. Suppose Sam’s friend Chris helps by preparing the melon slices, increasing Sam’s
productivity to 300 mini-sandwiches or
300 melon appetizers per hour. What is
the opportunity cost of making one melon
appetizer now?
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