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23 August, 19:48

Bob and bill can make 16 toys each if they devote 8 working hours in a day. further, bob can repair 4 cars and bill can repair 2 cars, if they devote 8 working hours in a day. what is the opportunity cost of repairing one car to bill?

a. 12 toys

b. 10 toys

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  1. 23 August, 20:07
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    8 toys.

    Bill can either make 8 toys or fix a car, in the same 4 hours. If he chooses to fix a car, that's 8 toys he could've made that he didnt (definition of opportunity cost)
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