A firm has two workers, Paula and Carlos. Paula can counsel 11 clients per working day, or write 2 memos per working day. Carlos can counsel 5 clients per working day, or write 3 memos per working day. Carlos's opportunity cost of writing one memo is

Managerial Economics: A Problem Solving Approach
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A firm has two workers, Paula and Carlos. Paula can counsel 11 clients per working day, or write 2 memos per working day. Carlos can counsel 5 clients per working day, or write 3 memos per working day.

Carlos's opportunity cost of writing one memo is

 

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