In one week, jedidiah schlepp can produce 24 gizmos or 20 whatsits. what is the opportunity cost ratio, in gizmos per whatsit?

The opportunity cost ratio for Jedidiah Schlepp per week is 1.2 gizmos per unit of whatsit or 1.2:1.

Jedidiah Schlepp can produce a maximum of either 24 gizmos or 20 whatsits in a week.

So,

24 gizmos = 20 whatsits

Since we need to express the opportunity cost ratio as number of gizmos to one unit of whatsit, we divide both sides of the equation by 20.

We get,

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