Figure 3-1

-Refer to Figure 3-1.Suppose Paul must work 2 hours to produce each bushel of corn.Then Paul
A)must work 0.4 hours to produce each bushel of wheat, and his opportunity cost of a bushel of corn is 0.8 bushels of wheat.
B)must work 0.4 hours to produce each bushel of wheat, and his opportunity cost of a bushel of corn is 1.25 bushels of wheat.
C)must work 2.5 hours to produce each bushel of wheat, and his opportunity cost of a bushel of corn is 0.8 bushels of wheat.
D)must work 2.5 hours to produce each bushel of wheat, and his opportunity cost of a bushel of corn is 1.25 bushels of wheat.

Question

Figure 3-1
 
-Refer to Figure 3-1.Suppose Paul must work 2 hours to produce each bushel of corn.Then Paul
A)must work 0.4 hours to produce each bushel of wheat, and his opportunity cost of a bushel of corn is 0.8 bushels of wheat. 
B)must work 0.4 hours to produce each bushel of wheat, and his opportunity cost of a bushel of corn is 1.25 bushels of wheat. 
C)must work 2.5 hours to produce each bushel of wheat, and his opportunity cost of a bushel of corn is 0.8 bushels of wheat. 
D)must work 2.5 hours to produce each bushel of wheat, and his opportunity cost of a bushel of corn is 1.25 bushels of wheat.

Quizplus · Accepted Answer

The Answer of Figure 3-1
 
-Refer to Figure 3-1.Suppose Paul must work 2 hours to produce each bushel of corn.Then Paul
A)must work 0.4 hours to produce each bushel of wheat, and his opportunity cost of a bushel of corn is 0.8 bushels of wheat. 
B)must work 0.4 hours to produce each bushel of wheat, and his opportunity cost of a bushel of corn is 1.25 bushels of wheat. 
C)must work 2.5 hours to produce each bushel of wheat, and his opportunity cost of a bushel of corn is 0.8 bushels of wheat. 
D)must work 2.5 hours to produce each bushel of wheat, and his opportunity cost of a bushel of corn is 1.25 bushels of wheat.

Figure 3-1 -Refer to Figure 3-1.Suppose Paul Must Work 2 Hours to Work