New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    Elistan can produce either 5 monster trucks or 10 cans

    of silly string in a day. What is the opportunity cost of one can of silly string?
    A 5 Correct Answer Incorrect Answer
    B 9 Correct Answer Incorrect Answer
    C 1/2 monster truck Correct Answer Incorrect Answer
    D 2 cans Correct Answer Incorrect Answer
    E 5 monster trucks Correct Answer Incorrect Answer

    Solution

    5 MT or 10 Cans can be produced So, 10 Cans = 5MT 1 Can = 5/10 MT =1/2  Monster truck

    Practice Next