Table 3-23
Assume that the farmer and the rancher can switch between producing pork and producing tomatoes at a constant rate.

-Refer to Table 3-23. The opportunity cost of 1 pound of tomatoes for the rancher is
A)1 pound of pork.
B)1 hour of labor.
C)1.5 pounds of pork.
D)1.5 hours of labor.

Question

Table 3-23
Assume that the farmer and the rancher can switch between producing pork and producing tomatoes at a constant rate.
​ 
-Refer to Table 3-23. The opportunity cost of 1 pound of tomatoes for the rancher is
A)1 pound of pork. 
B)1 hour of labor. 
C)1.5 pounds of pork. 
D)1.5 hours of labor.

Quizplus · Accepted Answer

The Answer of Table 3-23
Assume that the farmer and the rancher can switch between producing pork and producing tomatoes at a constant rate.
​ 
-Refer to Table 3-23. The opportunity cost of 1 pound of tomatoes for the rancher is
A)1 pound of pork. 
B)1 hour of labor. 
C)1.5 pounds of pork. 
D)1.5 hours of labor.

Table 3-23 Assume That the Farmer and the Rancher Can Switch Between