To determine Arturo's and Dina's opportunity costs of making burritos and tacos, we need to analyze their production possibilities. The opportunity cost of a good is the amount of another good that must be given up to produce one more unit of the first good.
However, since I can't see Figure 3-3, I will outline how you would calculate these opportunity costs based on a hypothetical production possibilities table or curve.
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Identify Production Quantities: You would normally start by identifying how many burritos and how many tacos each individual can make.
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Calculate Opportunity Costs:
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For Arturo:
- If he can make, say, 4 burritos and 3 tacos, then the opportunity cost of 1 burrito would be the tacos he gives up divided by burritos he gains. The calculation would be:
\[ \text{Opportunity Cost (Arturo)} = \frac{\text{Number of tacos given up}}{\text{Number of burritos gained}} = \frac{3 \text{ tacos}}{4 \text{ burritos}} = \frac{3}{4} \text{ tacos per burrito} \]
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For Dina:
- If she can make, for example, 2 burritos for the same amount of tacos, the opportunity cost would look like this:
\[ \text{Opportunity Cost (Dina)} = \frac{\text{Number of tacos given up}}{\text{Number of burritos gained}} = \frac{2 \text{ tacos}}{1 \text{ burrito}} = 2 \text{ tacos per burrito} \]
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Choose the Correct Answer: Based on these calculations, you'd compare with the provided options. If we use the above hypothetical numbers, Arturo's opportunity cost would be 3/4 taco. If Dina's opportunity cost is 2 tacos per burrito using this example, option b would be the correct answer.
Without the actual data from Figure 3-3, you would need to conduct this analysis based on the specific numbers to decide which answer option is correct. Please apply your understanding to the actual figure you have for the exact opportunity costs.
1 answer