In any given month, Mark can produce 58 baseballs and Katie can produce 25 baseballs. Alternatively, Mark can produce 94 bats and Katie can produce 15 bats.
What is Mark’s opportunity cost of producing 30 bats?
Round your answer to two (2) decimal places
Baseballs | Bats | |
Mark | 58 | 94 |
Katie | 25 | 15 |
Mark's opportunity cost of producing 1 bat = (58/94)= 0.617 baseballs
So, Mark's opportunity cost of producing 30 bats = (0.617)(30)= 18.51 baseballs.
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