Jack buys only shoes and socks. If Jack spends his entire budget on shoes, he can buy 9 pairs of shoes. If Jack spends his entire budget on socks, he can buy 72 pairs of socks. What is the opportunity cost of 6 pairs of shoes?

Respuesta :

lucic

Answer:

48 socks

Step-by-step explanation:

The opportunity cost in this case will be the amount Jack would have been able to purchase if he did not purchase the 6 pairs of shoes.

So narrow you focus on shoes. what amount will jack buy if he did not purchase the 6 pairs of shoes? It will be; 6/9 of the budget he spends on shoes.

6/9= 2/3

The opportunity cost will be the number of socks he cannot buy .This is

2/3 of 72 socks

=[tex]=\frac{2}{3} *72=24*2=48[/tex]