COMPARATIVE AND ABSOLUTE ADVANTAGES
Boards Waxed
Boards Repaired
Sean
7.5 min
20 min
Sadie
12 min
30 min
OPPORTUNITY COSTS
Question 5: Looking at the graph above, calculate the opportunity cost for Sean on boards waxed per hour. Sean’s opportunity cost for boards waxed is Enter a decimal number (ex. 1, 1.0, 10.01, . 1001)
Question 6: Looking at the graph above, calculate the opportunity cost for Sean on boards repaired per hour. Sean’s opportunity cost for boards repaired is W. Enter a decimal number (ex. 1, 1.0, 10.01, .1001)
Question 7: Looking at the graph above, calculate the opportunity cost for Sadie on boards waxed per hour. Sadie’s opportunity cost for boards waxed is R. Enter a decimal number (ex. 1, 1.0, 10.01, .1001)
Question 8: Looking at the graph above, calculate the opportunity cost for Sadie on boards repaired per hour. Sadie’s opportunity cost for boards repaired is N. Enter a decimal number (ex. 1, 1.0, 10.01, .1001)
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