Opportunity cost practice problems

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

Problem 1.

A worker can make 4 desks or 10 chairs in a day. What is the opportunity cost of one desk, in chairs?

Show solution

10 chairs ÷ 4 desks = 2.5 chairs per desk.

Problem 2.

A worker can make 10 desks or 10 chairs in a day. What is the opportunity cost of one desk, in chairs?

Show solution

10 chairs ÷ 10 desks = 1 chairs per desk.

Problem 3.

A worker can make 5 desks or 6 chairs in a day. What is the opportunity cost of one desk, in chairs?

Show solution

6 chairs ÷ 5 desks = 1.2 chairs per desk.

Problem 4.

A worker can make 4 desks or 5 chairs in a day. What is the opportunity cost of one desk, in chairs?

Show solution

5 chairs ÷ 4 desks = 1.25 chairs per desk.

Problem 5.

A worker can make 10 desks or 4 chairs in a day. What is the opportunity cost of one desk, in chairs?

Show solution

4 chairs ÷ 10 desks = 0.4 chairs per desk.

Problem 6.

A worker can make 4 desks or 20 chairs in a day. What is the opportunity cost of one desk, in chairs?

Show solution

20 chairs ÷ 4 desks = 5 chairs per desk.