Refer to the information provided in Table 20.1 below to answer the question(s) that follow.
Table 20.1 $\quad $$\quad $$\quad $$\quad $$\quad $ $\text {Mexico}$$\quad $ $\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$ \text {Guatemala}$
$\begin{array}{rrrr}
\text {Oranges}& \text {Bananas}& \text {Oranges}& \text {Bananas}\
\text { bushel/acre}&\text { bushel/acre }&\text { bushel/acre}&\text { bushel/acre }\
\hline 200 & 0 & 50 & 0 \
160 & 40 & 40 & 20 \
120 & 80 & 30 & 40 \
80 & 120 & 20 & 60 \
40 & 160 & 10 & 80 \
0 & 200 & 0 & 100 \
\hline
\end{array}$

-Refer to Table 20.1. In Guatemala, the opportunity cost of 1 bushel of oranges is
A) 1/2 bushel of bananas.
B) 1 bushels of bananas.
C) 2 bushels of bananas.
D) 4 bushels of bananas.

Question

Refer to the information provided in Table 20.1 below to answer the question(s) that follow.
Table 20.1 $\quad $$\quad $$\quad $$\quad $$\quad $ $\text {Mexico}$$\quad $ $\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$ \text {Guatemala}$
$\begin{array}{rrrr}
 \text {Oranges}& \text {Bananas}& \text {Oranges}& \text {Bananas}\ 
\text { bushel/acre}&\text {  bushel/acre }&\text { bushel/acre}&\text {  bushel/acre }\
\hline  200 & 0 & 50 & 0 \
160 & 40 & 40 & 20 \
120 & 80 & 30 & 40 \
80 & 120 & 20 & 60 \
40 & 160 & 10 & 80 \
0 & 200 & 0 & 100 \
\hline
\end{array}$

-Refer to Table 20.1. In Guatemala, the opportunity cost of 1 bushel of oranges is
A) 1/2 bushel of bananas.
B) 1 bushels of bananas.
C) 2 bushels of bananas.
D) 4 bushels of bananas.

Quizplus · Accepted Answer

The opportunity cost of 1 bushel of oranges in Guatemala can be calculated from the change in bananas as oranges are increased by 10 bushels (from 0 to 10, 10 to 20, etc.). From the table, moving from 0 to 10 bushels of oranges results in a decrease from 100 to 80 bushels of bananas, a change of 20 bushels of bananas for 10 bushels of oranges. Therefore, the opportunity cost of 1 bushel of oranges is 20/10 = 2 bushels of bananas.

Refer to the Information Provided in Table 20 \quad \quad

Refer to the Information Provided in Table 20 $\quad$ $\quad$