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 soybeans in Canada is
A) half a bushel of alfalfa.
B) 1 bushel of alfalfa.
C) 2 bushels of alfalfa.
D) zero.

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 soybeans in Canada is
A) half a bushel of alfalfa. 
B) 1 bushel of alfalfa. 
C) 2 bushels of alfalfa. 
D) zero.

Quizplus · Accepted Answer

According to the table, in Canada, producing one bushel of soybeans requires the production of 1 bushel of alfalfa. Therefore the opportunity cost of producing a bushel of soybeans in Canada is 1 bushel of alfalfa.

Refer to the Information Provided in Figure 33