Calculating Greta's Opportunity Cost for Wheat

A self-sufficient farmer can use their land to produce either 40 tons of potatoes or 10 tons of carrots in a single growing season. What is the opportunity cost for this farmer to produce one ton of potatoes?

Comparing Production Costs

Calculating Production Trade-offs

Evaluating a Production Decision

An economy has two workers, Maria and David. In one day, Maria can produce either 10 shirts or 20 pairs of pants. David can produce either 15 shirts or 45 pairs of pants. The following statement is either true or false: 'Because Maria produces fewer shirts in absolute terms than David, her opportunity cost of producing one shirt is higher than David's.'

Two software developers, Alex and Ben, can spend their day either writing code or designing user interface (UI) elements. In a single day, Alex can produce 1000 lines of code or 4 UI elements. Ben can produce 1200 lines of code or 3 UI elements. Match each developer's production choice with its correct opportunity cost.

A software company can allocate a team of developers for one week to either develop 4 new features for their mobile app or resolve 60 existing software bugs. To develop one new feature, the company must accept that ______ bugs will go unresolved during that week.

Evaluating a National Production Strategy

A self-sufficient community can use all its labor to produce either 1,000 kilograms of fish or 2,000 kilograms of potatoes in a season. A planner proposes that the community should specialize more in fishing. For this proposal to be economically beneficial for the community, which of the following conditions must be true?

Evaluating a Production Shift Recommendation