william can create 30 meals in one hour, or wash 90 dishes in the same time. jeremy can create 25 meals in one hour, or wash 50 dishes in one hour. using opportunity cost, who should specialize in what task?

Respuesta :

Using opportunity cost, Jeremy gives up fewer dish washings per meal creation, so Jeremy should create meals.

  Opportunity cost is the advantage that was lost because a particular option was not selected. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs. Opportunity costs have a value that can help people and businesses make more lucrative decisions. Opportunity cost is a wholly internal expense that is only utilized for strategic consideration; it is not included in accounting profit and is not reported externally.

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