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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

  1. 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

  1. What is the opportunity cost of a drink for Ron?

  1. What is the opportunity cost of a drink for Jon?

  1. What is the opportunity cost of a snack for Ron?

  1. What is the opportunity cost of a snack for Jon?

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