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table 2 - 10 shows the output per day of two gardeners, george and jack…

Question

table 2 - 10 shows the output per day of two gardeners, george and jack. they can either devote their time to mowing lawns or cultivating gardens.

table 2 - 10

georgejack
gardens cultivated54

refer to table 2 - 10. what is georges opportunity cost of cultivating a garden?
a. one - half a lawn mowed
b. one - half a garden cultivated
c. two lawns mowed
d. two - thirds a garden cultivated

question 6
an increase in the unemployment rate may be represented as a movement from a point on the production possibilities frontier to a different point in the interior.

Explanation:

Step1: Recall opportunity - cost formula

Opportunity cost = $\frac{Quantity\ of\ forgone\ good}{Quantity\ of\ gained\ good}$
For George, when cultivating a garden, the forgone good is mowing lawns.

Step2: Identify relevant quantities

George can mow 10 lawns or cultivate 5 gardens in a day.
The opportunity cost of cultivating 1 garden for George is the number of lawns he gives up.
Opportunity cost of cultivating 1 garden = $\frac{Number\ of\ lawns\ mowed}{Number\ of\ gardens\ cultivated}$ = $\frac{10}{5}=2$ lawns mowed.

Answer:

Two lawns mowed