Ask Question
21 April, 18:05

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?

+1
Answers (1)
  1. 21 April, 20:34
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers