John can produce 20 shoes or 200 shirts. Mike can produce 100 shoes or 200 shirts. What is John's opportunity cost for 1 shoe in terms of shirts given up?

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Camron Bond

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7 July, 04:48

John can produce 20 shoes or 200 shirts. Mike can produce 100 shoes or 200 shirts. What is John's opportunity cost for 1 shoe in terms of shirts given up?

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Shannon Cordova · Answer 1

I believe the answer is 10 shoes would be given up, if you have 20/20 gives you 1 shoe, so you also have to divide 200 by 20 which would give you 10 shirts.