“A certain kind of bamboo can be used to produce both paper
and furniture. If the business takes a decision to consider using
bamboo for furniture, then the society has to forego the number
of bamboos that could have been used for manufacturing paper”.
Identify opportunity cost of using bamboo for furniture.
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Answer:
1. Eco-friendly – bamboo can be grown sustainably without the use of pesticides and fertilisers due its fast growth rate and protective coating. 2. ... Easy maintenance – furniture made from bamboo is very smooth due to a natural coating of oil that exists in its fibres, and it can be cleaned easily .
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