Opportunity cost (micro) practice problems

Microeconomics Unit 1. Try each one, then open the worked solution. The Credit Sprint app generates unlimited new versions with fresh numbers.

Problem 1.

In one day, a worker can make either 25 shirts or 37.5 hats. What is the opportunity cost of one shirt, in hats?

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Giving up 37.5 hats for 25 shirts: 37.5 ÷ 25 = 1.5 hats per shirt.

Problem 2.

In one day, a worker can make either 25 shirts or 100 hats. What is the opportunity cost of one shirt, in hats?

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Giving up 100 hats for 25 shirts: 100 ÷ 25 = 4 hats per shirt.

Problem 3.

In one day, a worker can make either 40 shirts or 80 hats. What is the opportunity cost of one shirt, in hats?

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Giving up 80 hats for 40 shirts: 80 ÷ 40 = 2 hats per shirt.

Problem 4.

In one day, a worker can make either 50 shirts or 75 hats. What is the opportunity cost of one shirt, in hats?

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Giving up 75 hats for 50 shirts: 75 ÷ 50 = 1.5 hats per shirt.

Problem 5.

In one day, a worker can make either 50 shirts or 150 hats. What is the opportunity cost of one shirt, in hats?

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Giving up 150 hats for 50 shirts: 150 ÷ 50 = 3 hats per shirt.

Problem 6.

In one day, a worker can make either 50 shirts or 150 hats. What is the opportunity cost of one shirt, in hats?

Show solution

Giving up 150 hats for 50 shirts: 150 ÷ 50 = 3 hats per shirt.