-Refer to Table 3-2. What is the opportunity cost of 1 kilogram of meat for the rancher?
A) 4 hours of labour
B) 6 hours of labour
C) 2/3 kilograms of potatoes
D) 3/2 kilogram of potatoes

Question

-Refer to Table 3-2. What is the opportunity cost of 1 kilogram of meat for the rancher?
A) 4 hours of labour 
B) 6 hours of labour 
C) 2/3 kilograms of potatoes 
D) 3/2 kilogram of potatoes

Quizplus · Accepted Answer

The opportunity cost of 1 kilogram of meat for the rancher is 2/3 kilograms of potatoes, as this is the amount of potatoes that could have been produced with the same resources used to produce the meat.