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Ron and Jon are planning a party. They have one hour to prepare for the party. Ron can make snacks at a rate of 3
- Ron and Jon are planning a party. They have one hour to prepare for the party. Ron can make snacks at a rate of 3 snacks per 15 minutes, while Jon makes snacks at 4 per 15 minutes. Ron can make party drinks at a rate of 5 per 15 minutes, while Jon makes drinks at a rate of 8 per 15 minutes.
The table below shows productivity information for Ron and Jon
In 1 hour total production of | ||
Snacks | Drinks | |
Ron | 12 | 20 |
Jon | 16 | 32 |
- What is the opportunity cost of a drink for Ron?
- What is the opportunity cost of a drink for Jon?
- What is the opportunity cost of a snack for Ron?
- What is the opportunity cost of a snack for Jon?
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