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Calculate the maximum amount of mushrooms that can be eaten

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By himself, he can pick 4.4 kg of mushrooms or 13.64 kg of oranges in a single day. If Alberto can also buy and sell mushrooms and oranges at a daily market where mushrooms are worth $ 10.14 per kg and oranges are worth $ 7.8 per kg, What is the maximum amount of mushrooms Alberto can eat in a day?

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Solution Summary

Solution depicts the steps to estimate the maximum output by using the opportunity cost concepts.

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The opportunity cost of one kg of mushroom if he picks himself=13.64/4.4=3.1 kgs of orange

The opportunity cost of one kg of mushroom in the ...

Solution provided by:
Lokesh Jain, MSc
Education
  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
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