Suppose a gardener produces both tomatoes and squash in his garden.If the opportunity cost of one bushel of squash is 2/5 bushel of tomatoes,then the opportunity cost of 1 bushel of tomatoes is
A)2/5 bushel of squash.
B)5/2 bushels of squash.
C)2 bushels of squash.
D)5 bushels of squash.

Question

Quizplus · Accepted Answer

The opportunity cost is the reciprocal when switching the goods. If 1 bushel of squash costs 2/5 bushel of tomatoes, then 1 bushel of tomatoes costs 5/2 bushels of squash.

Suppose a Gardener Produces Both Tomatoes and Squash in His