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Roscoe and Bruxie can both produce Chicken and Waffles. Roscoe’s is in LA county and Bruxie’s...

Roscoe and Bruxie can both produce Chicken and Waffles. Roscoe’s is in LA county and Bruxie’s is in Orange county. It takes Roscoe 5 minutes to make a waffle and 20 minutes to prepare chicken. It takes Bruxie 10 minutes to make a waffle and 20 minutes to prepare chicken. What is Roscoe's opportunity cost for making a waffle?

a.

1/4 Chicken
b.

4 Chickens
c.

1/3 Chicken
d.

1/4 Waffle
e.

1/3 Waffle
f.

1/8 Chicken
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Answer #1

Ans) the correct option is a) 1/4 chicken

Roscoe's opportunity cost for making a waffle = 5/20 chicken = 1/4 chicken

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