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2 years ago

Suppose Susie can own 100 turkeys or 5 peacocks. What is the opportunity cost of owning one peacock?

1 answer:

6 0

Based on the number of peacocks and turkeys that can be owned, the opportunity cost of one peacock is<u> 20 turkeys. </u>

<h3>What is opportunity cost?</h3>

Refers to the benefit that we forego when we choose an alternative over another.

In this scenario, Susie can either have 100 turkeys or 5 peacocks. The opportunity cost of a single peacock would be:

<h3>Opportunity cost of peacock </h3>

= Number of turkey / Number of peacock

= 100 / 5

= 20 turkeys

In conclusion, opportunity cost of a single peacock is 20 turkeys.

Find out more on opportunity cost at brainly.com/question/3597509.

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