Table 3-1
Assume that Sardi and Tinaka can switch between producing corn and producing pork at a constant rate.

-Refer to Table 3-1.What is Tinaka's opportunity cost of producing one pound of pork?
A) 2/3 bushel of corn
B) 3/4 bushel of corn
C) 5/6 bushel of corn
D) 3/2 bushels of corn

Question

Table 3-1
Assume that Sardi and Tinaka can switch between producing corn and producing pork at a constant rate.
 
-Refer to Table 3-1.What is Tinaka's opportunity cost of producing one pound of pork?
A) 2/3 bushel of corn 
B) 3/4 bushel of corn 
C) 5/6 bushel of corn 
D) 3/2 bushels of corn

Quizplus · Accepted Answer

The opportunity cost of producing one pound of pork is the amount of corn that Tinaka has to give up. If Tinaka's production possibilities indicate that she can produce 2 pounds of pork for every 3 bushels of corn, then the opportunity cost of one pound of pork is 2/3 bushel of corn.

Table 3-1 Assume That Sardi and Tinaka Can Switch Between Producing Corn