Suppose a gardener produces both green beans and corn in her garden. If the opportunity cost of one bushel of corn is 3/5 bushel of green beans, what is the opportunity cost of 1 bushel of green beans?
A) 3/5 bushel of corn
B) 8/5 bushels of corn
C) 5/3 bushels of corn
D) 5/2 bushels of corn
Correct Answer:
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These graphs illustrate the production possibilities
These graphs illustrate the production possibilities
A) capital
A) absolute advantage
B)
