Vince have 6 Ice cream cups n 11 t shirt what is the opportu


Vince have 6 Ice cream cups n 11 t shirt what is the opportunity cost of him producing one t shirt ?
by the way I have tried 1.83. the answer not correct.

Solution

Total number of ice-creams = 6

Total number of T-shirts = 11

The opportunity cost of producing one more unit of a good is the quantity of next best alternative good that has to be sacrificed.

As vince has two goods - ice-cream cups and T-shirt, Production of one more t-shirt implies sacrifice of some quantity of ice-cream cups.

Calculate opportunity cost of producing 1 T-shirt -

Opportunity cost = Total number of ice-cream cups/Total number of T-shirts = 6/11 = 0.54

The opportunity cost of producing 1 t-shirt is 0.54 ice-cream cups.

 Vince have 6 Ice cream cups n 11 t shirt what is the opportunity cost of him producing one t shirt ? by the way I have tried 1.83. the answer not correct.Solut

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