Jane produces only corn, measured in tons, and cloth, measured in bolts. For her, the opportunity cost of one more ton of corn is
A) the inverse of the opportunity cost of one more bolt of cloth.
B) the same as the opportunity cost of one more bolt of cloth.
C) the ratio of all the bolts of cloth she produces to all the tons of corn she produces.
D) the ratio of all the tons of corn she produces to all the bolts of cloth she produces.

Question

Quizplus · Accepted Answer

The opportunity cost of producing one more unit of a good is the inverse of the opportunity cost of producing one more unit of another good.

Jane Produces Only Corn, Measured in Tons, and Cloth, Measured