Table 3-38
-Refer to Table 3-38. Iowa and Nebraska can both produce corn and soybeans, and can switch between the production of corn and soybeans at a constant rate. The table illustrates the amount of corn or soybeans each state can produce in one growing season. Using the information from the table, Iowa's opportunity cost of producing one bushel of corn is
A)1.5 bushels of soybeans and Nebraska's is 2 bushels of soybeans.
B)1.5 bushels of soybeans and Nebraska's is 0.5 bushels of soybeans.
C)0.67 bushels of soybeans and Nebraska's is 2 bushels of soybeans.
D)0.67 bushels of soybeans and Nebraska's is 0.5 bushels of soybeans.

Question

​Table 3-38 
-​Refer to Table 3-38. Iowa and Nebraska can both produce corn and soybeans, and can switch between the production of corn and soybeans at a constant rate. The table illustrates the amount of corn or soybeans each state can produce in one growing season. Using the information from the table, Iowa's opportunity cost of producing one bushel of corn is
A)​1.5 bushels of soybeans and Nebraska's is 2 bushels of soybeans. 
B)​1.5 bushels of soybeans and Nebraska's is 0.5 bushels of soybeans. 
C)​0.67 bushels of soybeans and Nebraska's is 2 bushels of soybeans. 
D)​0.67 bushels of soybeans and Nebraska's is 0.5 bushels of soybeans.

Quizplus · Accepted Answer

The Answer of ​Table 3-38 
-​Refer to Table 3-38. Iowa and Nebraska can both produce corn and soybeans, and can switch between the production of corn and soybeans at a constant rate. The table illustrates the amount of corn or soybeans each state can produce in one growing season. Using the information from the table, Iowa's opportunity cost of producing one bushel of corn is
A)​1.5 bushels of soybeans and Nebraska's is 2 bushels of soybeans. 
B)​1.5 bushels of soybeans and Nebraska's is 0.5 bushels of soybeans. 
C)​0.67 bushels of soybeans and Nebraska's is 2 bushels of soybeans. 
D)​0.67 bushels of soybeans and Nebraska's is 0.5 bushels of soybeans.

​Table 3-38 -​Refer to Table 3-38. Iowa and Nebraska Can Both Produce

Table 3-38 -Refer to Table 3-38. Iowa and Nebraska Can Both Produce