Step 1 Given  The production schedule of Maria and Courtney in 40 hours of labor  Step 2 Question 1 In this question, we have to find Maria's opportunity cost of one sweater. We have given that in 40 hours of labor, Maria can either produce 1 sweater or 5 coats. Opportunity cost is nothing but the cost associated with not selecting the next best alternative. The value that you have to give up in order to choose to make a sweater is the opportunity cost of one sweater. Here, If maria wants to produce a sweater then she has to give up the production of 5 coats.  Therefore the opportunity cost of a sweater for Maria is 5 coats. Step 3 Question 2 ... See the full answer