It takes Rohan 30 minutes to do an economics assignment and one hour to do a finance assig...........

Economics (CUET) Theory of Production and Cost

It takes Rohan 30 minutes to do an economics assignment and one hour to do a finance assignment. What is the opportunity cost of you doing two economics assignments?

1 finance assignments

2 finance assignments

1/2 finance assignments

3 finance assignments

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Explanation:

Option (1) is correct.
Explanation: To do one economics assignment, it takes 30 minutes. To do two economics assignments, it takes 1 hour which is the same time as needed to do one finance assignment. Therefore, the opportunity cost of doing two economics assignments is one finance assignment.