Refer to the information provided in Figure 33.1 below to answer the question(s) that follow. Figure 33.1
-Refer to Figure 33.1. The opportunity cost of producing a bushel of alfalfa in the United States is
A) twice as much as that in Canada.
B) half as much as that in Canada.
C) the same as that in Canada.
D) four times as much as that in Canada.

Question

Refer to the information provided in Figure 33.1 below to answer the question(s) that follow.  Figure 33.1
-Refer to Figure 33.1. The opportunity cost of producing a bushel of alfalfa in the United States is
A) twice as much as that in Canada. 
B) half as much as that in Canada. 
C) the same as that in Canada. 
D) four times as much as that in Canada.

Quizplus · Accepted Answer

The opportunity cost of producing a bushel of alfalfa in the United States is 1/2 ton of potatoes, while in Canada it is 1 ton of potatoes. Therefore, the opportunity cost of producing a bushel of alfalfa in the United States is half as much as that in Canada.

Refer to the Information Provided in Figure 33