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Use the table below to measure the opportunity cost of two jobs performed by two different workers in a factory,

and then answer the questions below:

4a. Which of the two workers has the lowest opportunity cost in doing Job1?

4b. Which of the workers has the comparative advantage in doing Job1?

Workers Job1: Hrs to finish Job2: Hrs to finish Opportunity cost

Worker 1 3 6 ?

Worker 2 4 16 ?

Top Answer

question 4a worker 1: opportunity cost for Job 1 is (1 x 6)/3= 2 hrs that could be used for... View the full answer

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