Bob and bill can make 16 toys each if they devote 8 working hours in a day. further, bob can repair 4 cars and bill can repair 2 cars, if they devote 8 working hours in a day. what is the opportunity cost of repairing one car to bill?
a. 12 toys
b. 10 toys

8 toys.
Bill can either make 8 toys or fix a car, in the same 4 hours. If he chooses to fix a car, that's 8 toys he could've made that he didnt (definition of opportunity cost)

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okpalawalter8 okpalawalter8 · Answer 2 · 2022-06-28T13:14:41+02:00

The opportunity cost of repairing one car to bill is 8 toys. This is further explained below.

What is the opportunity cost of repairing one car to the bill?

In the same amount of time, it takes to repair a vehicle, Bill can produce eight toys. There are eight toys he might have built instead of fixing a vehicle.

8 toys

In conclusion, when one option is picked, it means that others are eliminated.

Bob and bill can make 16 toys each if they devote 8 working hours in a day. further, bob can repair 4 cars and bill can repair 2 cars, if they devote 8 working hours in a day. what is the opportunity cost of repairing one car to bill? a. 12 toys b. 10 toys

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What is the opportunity cost of repairing one car to the bill?

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Bob and bill can make 16 toys each if they devote 8 working hours in a day. further, bob can repair 4 cars and bill can repair 2 cars, if they devote 8 working hours in a day. what is the opportunity cost of repairing one car to bill?
a. 12 toys
b. 10 toys